🛡️ Crypto Safety: 5 Rules to Avoid the ₹2,300 Crore Ponzi Trap
The Himachal-Punjab ₹2,300 Crore crypto scam highlights a critical lesson: in the absence of clear Indian regulations, investor vigilance is the only shield. Avoid becoming a victim of the next Ponzi scheme with these five essential rules:
* Beware of Unrealistic Returns: Any platform guaranteeing "extraordinary returns" (e.g., 10% monthly) with zero risk is a scam. Legitimate crypto assets are volatile; returns are never guaranteed.
* Verify the Token: Do not invest in unknown, self-created "tokens" (like Korvio or Voscrow) launched by unverified teams. Stick to established assets (BTC, ETH) traded on major, regulated global exchanges like Binance.
* Check Exchange Credentials: Only use platforms that adhere to global KYC/AML standards and have a verifiable regulatory presence. If a platform's website looks amateur or its team is anonymous, walk away.
* No MLM Recruitment: Legitimate crypto investment does not require you to earn commissions by recruiting new members. If a scheme focuses on recruitment rather than technology or fundamentals, it is a Ponzi.
* Control Your Keys: Never hand over control of your crypto wallet or private keys to a third party. If you don't control your keys, you don't control your funds.
Protecting your capital means prioritizing security and transparency over the promise of quick riches.
