Coinx Trading scam: Five arrested

Coinx Trading Scam

The Hyderabad police raided the office of GRM Estates and arrested five individuals for involving in a Coinx Trading cryptocurrency multi-level marketing (MPM) scheme. The scheme has affected 1,200 investors and absorbed nearly $1.43 million. The police report quoted, “The main accused, Gardas Ramesh encouraged to invest money in Coinx  Trading, which claimed to be registered in the U.S and the UK.”

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