Cryptocurrency Fraud: Legal Challenges In India
- Indian Journal of Law and Legal Research
- Feb 28
- 1 min read
Varsha Rameshkumar, LLM, SRM School of Law, Kattankulathur
ABSTRACT
Because blockchain technology is decentralized and pseudonymous, crypto currency fraud has grown in importance inside the digital financial ecosystem. Phishing assaults, Ponzi schemes, rug pulls, pump-and-dump scams, and exchange hacks are just a few of the tactics used by scammers to defraud investors and steal money. Illicit acts are made easier by the irreversible nature of bitcoin transactions and the absence of thorough governmental control. The most prevalent types of crypto currency fraud are examined in this essay, along with the strategies employed by cybercriminals and the effects they have on investors and financial markets. It also looks at new technology, security frameworks, and current regulations that are intended to lessen fraudulent activity. Fostering a safer and more transparent bitcoin environment requires an understanding of these dangers and the application of proactive security measures.
Keywords: Crypto currency fraud, blockchain security, Ponzi schemes, phishing attacks, rug pulls, pump-and-dump scams, exchange hacks, regulatory oversight, financial crime, digital assets, fraud prevention.
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