Analytical resource experts from bitcoin.com
conducted an investigation on the project, which is trying to attract naive investors
. Nitin Jagtiani and Shweta Singh, natives of India, have developed a fake cryptocurrency MicroBitcoin (MBC) with their colleagues.
In order to avoid expensive ICO they made the site microbitcoinico.co
, which was saying that ICO has already successfully conducted. In fact, the project was set up recently and their white paper was published on the main site of the fraudulent project microbitcoin.co
just this month.
This is just the one of theirs Scam businesses. Their company DigiXHub also developing FOREX and cryptocurrency exchanges. They placed the fake-currency MBC (MicroBitcoin.io) at one of these exchanges aristrex.com
so naive investors could make a "profitable investment".
Notice that the legal field of cryptocurrencies in India is questionable. The government plans to make a decision on the status of cryptocurrencies within the next month.