CoinSwitch, a crypto Investing platform, has launched an 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 here, and stand a chance to win a prize from a reward pool worth upto Rs 1 lakh.
Running from March 30 to April 1, 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, Vimal Sagar Tiwari, Co-Founder and COO of CoinSwitch.
“Such campaigns are particularly important as crypto is still in its early stages and assets are online,” he added.
The winners of the bounty hunt will be announced by the company on their social media on April 03, 2023, ten (10) participants can win prizes from a reward pool worth INR 1 lakh.
‼️ANNOUNCEMENT: CoinSwitch doesn’t have any twins! ‼️
Prizes worth ₹1 Lac up for grabs. All you need to do is report one of the following to us:
👉🏽 Fake CoinSwitch Social Handles
👉🏽 Fake CoinSwitch Telegram Accounts
👉🏽 Fake CoinSwitch Websites
👉🏽 Fake https://t.co/JBVVowygLD… pic.twitter.com/c2OGJ35BAC
— CoinSwitch: India's Largest Crypto App 🚀 (@CoinSwitch) March 30, 2023
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