India Joins Global Fight as Crypto Scams Surge
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The Ponzi crackdown is part of a global crypto fraud wave:
FBI 2024 report: 150,000+ crypto complaints, $9.3B losses (up 66% YoY).
TRM Labs: $53B lost worldwide in crypto scams since 2023.
Fraudsters exploit holidays and online shopping surges, using fake tokens and sophisticated MLM tactics.
Investors are increasingly at risk as scammers innovate faster than regulatory responses.