A representative lawsuit has reportedly been filed in order to stop a cryptocurrency scam from continuing to dupe Indian investors. The Delhi court last week directed a notice to be published in leading Indian newspapers to invite victims of the scam to come forward.
Advocate Nipun Saxena filed the suit on behalf of various Indian citizens who said they had been duped by a company called IQ Option, local media reported. This platform claims to allow users to trade stocks, forex, options, and cryptocurrencies. Twenty-six cryptos are listed on its website, including bitcoin (BTC), ether (ETH), stellar (XLM), and bitcoin cash (BCH). “The financial products offered by the company include contracts for difference (‘CFDs’) and other complex financial products,” the company detailed.