The Internet and technology have aided the modern world to a great extent, but there comes the downside of rinsing online scams. This is why being smart online is necessary, especially when there’s money involved. The Cryptoworldtrading.net login scam and Vikas’s story is only one of the many incidents, with countless other examples of the same kind. So, as an internet user, it is the responsibility of each one of us to do quick research before getting overwhelmed by greed.
How did the infamous Cryptoworldtrading.net Login Scam begin?
The scam started with Vikas Kalda of Ambala, who allegedly built the whole Cryptoworldtrading.net login platform just to extort money from people who registered on it. He made the site appear like a reliable hub for trading, where getting started required a small sum of Rs 8k only. He lured people, saying that their invested amount would triple in value by the 5th month.
In case their money does not reach the anticipated value, all of the money out through would be refunded. Gradually, the place received more and more investors, including people from both poor and wealthy communities. The numbers went on increasing, to an extent where Vikas Kalda earned over Rs 250 crores.
How many investors did Vikas Kalda dupe through the Cryptoworldtrading.net Login?
Following the public expose of Vikas and his scam, it was revealed that over 140 investors had invested nearly 1 lakh Indian rupees. Likewise, the number of people that paid Rs 8000 to triple its value, is no less. Most of these victims belong to the Ambala region, an Indian state where Vikas is from. The investigation also revealed details like the total amount collected, besides which investors have voluntarily sent help to speed up the process.
A lot of investors have additionally come together and provided a list of police offers, wherein their names, amounts, mobile numbers, and addresses have been mentioned. From the list, it was discovered that an unidentified individual, named Sanju had invested Rs 1.50 lakh in total, while Ravi Kumar was duped of 5.80 Lakh. Some other names that were found on the list include Sukhvinder, Dipak, Manish Saini, Sipali Kansal, and Deep Singh among others.
Crypto World Trading.net and Its Operations
crypto world trading.net company made a fool of thousands of its investors and used different manipulation techniques for the same. Vikas always had a special approach and made sure to create investors’ IDs on the company name every time a new investor came on board. But this simple generation of identification numbers wasn’t free at all. Instead, a minimum token value of 8,000 was to be paid. Following the ID generation, investors could expect a minimum of two dollars on the app after the fifth day of successfully joining. Investors were additionally promised returns in dollars that were ultimately of high value after conversion.
In short, the formula for convincing people was simple as they lured investors, promising them over 10 dollars in only 7 days. Simply put, investing 8k in four weeks means that the returns are 3200 rupees in total. In a mere five months, investors could triple their income; which was a short period and extremely lucrative to hear.
Further, the platform made investors send their dollars to the agent, who would then convert it into these dollars into rupees. Even the rate of providing dollars for differing values was fixed for IDs that joined the platform with Rs. 16, 24, 32, 40, 48, and 1 lakh. Through this particular approach, one could earn 96,000 rupees for 40 thousand rupees in 5 months.
All in all, the idea of Kingpin Vikas Kalda was to lure people, but in a more realistic manner that was naturally easy to believe. His strategies worked, using which he earned around 300 crores in total. Amid things, Vikas had also invested quite some money here and there, such as visiting home and other locations to convince more investors.
The role of police in Cryptoworldtrading.net Login Scam
The news of the scam was first evident on Monday, 22nd August 2022, when investors received an update on its official website. Right away, associated individuals were met with the unfortunate fate and realized how they were scammed. Investors quickly responded to the matter and reached out to the police to file a report.
Also, the police were quick to take action and immediately urged an investigation. With that, the Economic Offenses Branch of the Police joined and began accompanying the investigation.
As per the police, they have decided to interact with the investors and understand the matter closely. Doing so will also help settle the issue faster. Understanding the same, investors are coordinating well and even provided a list containing important information.
The world of Crypto has been rapidly evolving, with more and more people becoming a part of the community in the hope of earning well. Indeed, this sector is full of opportunities and is backed by a centralized exchange board where one can trade crypto coins without worries. Cryptoworldtrading.net login has gained great attention recently, the reason of which isn’t a thing to be proud of, but otherwise. Additionally, thousands of investors who have previously invested here, have been duped and scammed by Vikas Kalda, who is said to be a resident of Ambala, Haryana. From poor Indians to utterly wealthy businessmen — Vikas is inconsiderate of the investor’s background and all he cares about is money.
Faqs About Cryptoworldtrading.net Login
Ans. Yes, the government is looking into the matter and is doing everything in its hands to serve justice. Even Anil Vij’s Janata Darbar was operational in Ambala district for about 9 hours. In the same session, he had received over 6,000 complaints from the victims.
Ans. All victims of the scam have received support from the police and the government. From what it seems, the chances of receiving a refund are quite high. Victims can therefore keep their hopes high and wait to receive their money back.
Ans. In general, creating fake websites is a cybercrime, and the offender can be punished for about seven years. The highest punishment for fraud is guided by Section 447, where the liable person will be jailed for not less than 6 months. These 6 months can be further extended to 10 years, besides which one will also be asked to pay a fine.
Ans. The greed and shortcut for getting rich instantly is what lured investors. Plus, the share market and stock market returns are high, which made people think of Cryptoworldtrading.net login as the perfect intermediary.
Ans. There are over 140 investors who have invested over Rs 1 lakh here. Of all, Mandeep invested around 29 lakhs, Nirmal Singh invested 13 lakhs, 10 lakhs came from Avtar Sanwan, and 8 lakh each from Abhishek Luthra and Anjali Kalda.