A spoofed CoinDCX site sparked a 7.16 million rupee fraud case, triggering arrests before a court ruled the exchange was impersonated
Impersonation scams can be low-tech yet highly effective, using fake websites that closely mimic trusted cryptocurrency platforms to deceive users.
The CoinDCX case shows how a 7.16 million rupee fraud complaint escalated into legal action before it was identified as an impersonation case.
The fake domain coindcx.pro, not the real platform, was used to mislead the victim and carry out the fraud.
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