Recent reports indicate a surge in scams targeting cryptocurrency users in India, with fraudsters employing various tactics such as phishing emails and fake investment schemes. Experts warn that these scams exploit human psychology, leading even experienced investors to fall victim. A notable increase in social engineering attacks has been observed, particularly involving platforms like Coinbase. Users are advised to implement security measures, including two-factor authentication (2FA) and the use of authenticator apps, while avoiding clicking on suspicious links or responding to unsolicited communications. Additionally, Binance has issued a warning about fake app scams, urging users to be vigilant against fraud, phishing, and data theft. The situation highlights the need for increased awareness and protective measures among cryptocurrency holders.