Cryptocurrency Tax Advisor | CA in Mumbai | Chartered Accountant

2024 ⁽¹⁴⁸⁾

Indian Man Recovers $43,000 lost in Crypto Scam

Cryptocurrency Scam Investigation Consultation | How crypto scams work There are three main types of crypto scams: investing in a fake crypto exchange, website or app fake crypto tokens, investments or jobs trading crypto using crypto to pay scammers Fake trading platforms or crypto wallets These may mimic a real online exchange or wallet, but can work in different ways: Phishing webpages – These capture the details you enter, so the scammer can log in later and steal your crypto. They may also send links via phishing emails or pretend to be official customer support in direct messages. Investment opportunity – You use their platform to trade or mine crypto. Initially, your crypto goes up in value, so you invest more. But then they lock you out, close the site and disappear with your money.

Finally a good news on Crypto Scams front - Indian Man Recovers $43,000 lost in Crypto Scam A mobile store proprietor in Maharashtra's Thane district, who had fallen victim to a cryptocurrency scam losing Rs 36 lakh (US$43,953) over a year ago, has successfully reclaimed…

Taxation of Money Lost in a Crypto Scam in India 2024

Crypto scams are very widespread. From phishing to rug pulls to fake crypto trading scam to crypto giveaway scams, billions of dollars are annually lost by investors to fraudulent crypto schemes. If you have experienced the misfortune of losing money to a crypto scam, you…

Curious Case of Premium in USDT Price in India

USDT Arbitrage means buying USDT overseas in cheap price and selling at premium in India but why premium exists on USDT Price in India? The value of USDT (Tether) is tied to the value of the US dollar, so it should theoretically be equivalent to…