Indian Fraudsters Target Retirees with Fake Crypto Apps, Scamming Over $137,000
- Escalating Scam Tactics: Indian fraudsters are increasingly targeting retirees through fake crypto trading applications, exploiting their limited knowledge of cryptocurrencies and eagerness for profits, resulting in significant financial losses for multiple victims.
- Major Loss Case: A 64-year-old retired banker reported losing over ₹1.25 crore (approximately $137,000) to scammers operating on the 'Capstone' platform, with the fraud occurring between December 29 and January 12, and the victim was unable to contact the fraudsters after realizing he had been scammed.
- Multiple Similar Incidents: Police reports indicate that in addition to the aforementioned case, a 68-year-old and a 76-year-old retiree lost ₹50.8 lakh and ₹46.25 lakh respectively, highlighting the increasing prevalence of scams targeting the elderly, with police receiving over three similar complaints totaling losses exceeding ₹1.2 crore.
- Warnings and Recommendations: Authorities urge elderly individuals to remain vigilant against “too good to be true” investment opportunities and recommend consulting younger individuals or professionals before investing to avoid falling victim to scams.
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Technical Analysis for CYBER
Technical Sentiment Analysis for Cyber (CYBER) As of , Cyber (CYBER) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CYBER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, CYBER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Cyber (CYBER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0291 | 0.227 | 0.388 | 0.586 | 0.747 | 0.945 | 1.106 |
| Fibonacci | 0.227 | 0.364 | 0.448 | 0.586 | 0.723 | 0.807 | 0.945 |
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