CoinSwitch launches #NoFraudSquad campaign

CoinSwitch launches #NoFraudSquad campaign

The campaign aims to encourage crypto investors in India to be vigilant about their finances.

Mumbai: CoinSwitch, India’s crypto investing platform, launched a unique awareness campaign through a bounty hunt to educate Indians about scams targeting crypto investors. The initiative, #NoFraudSquad, aims to equip users to identify scams like fake web domains and phishing on social media. Participants can report such scams that impersonate the company and stand a chance to win a prize from a reward pool worth upto INR one lakh.

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Running from 30 March to 1 April, the #NoFraudSquad campaign aims to encourage crypto investors in India to be vigilant about their finances.

"With crypto’s increasing adoption in India, instances of scamsters impersonating prominent institutions like CoinSwitch to cheat users of their money, are on the rise. The #NoFraudSquad campaign is an effort by CoinSwitch to enhance awareness and equip its users with the knowledge to identify and combat fraudulent activities," said CoinSwitch co-founder & COO of Vimal Sagar Tiwari.

“Such campaigns are particularly important as crypto is still in its early stages and assets are online,” he added.

The winners the bounty hunt will be announced by the company on their social media on 3 April 2023, ten (10) participants can win prizes from a reward pool worth Rs one lakh.