A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to 900% return on investments. The Delhi court has directed a notice to be placed in major newspapers, seeking victims of this scam to come forward.
Class-Action Lawsuit to Stop a Crypto Scam in India
A representative lawsuit has reportedly been filed in order to stop a cryptocurrency scam from continuing to dupe Indian investors. The Delhi court last week directed a notice to be published in leading Indian newspapers to invite victims of the scam to come forward.
Advocate Nipun Saxena filed the suit on behalf of various Indian citizens who said they had been duped by a company called IQ Option, local media reported. This platform claims to allow users to trade stocks, forex, options, and cryptocurrencies. Twenty-six cryptos are listed on its website, including bitcoin (BTC), ether (ETH), stellar (XLM), and…