The Internet offers both benefits and dangers. It can be used as a tool for positive things as well as negative things. It totally depends on the user and how they use it. In the age of technology, crimes also happen online, and that is why the National Cyber Crime Reporting Portal has been introduced where the victim can file any complaint about cyber crimes including cyber fraud. However, it is necessary to know if the application we are using is safe or a scam. There are many applications available online that are really useful, but some are designed to mislead users.
Is the IDA app a scam or is it legit?
Knowing this, there are many IDA users who want to know if this app is genuine or a scam. All these speculations regarding this application are started after Pakistanis lost millions due to this IDA application. Reports say that the latest Ponzi scheme in Pakistan has caused millions in losses as the IDA trading platform was shut down overnight. As many Ponzi schemes have already cost unsuspecting Pakistani beneficiaries millions, the latest scam was exposed when thousands of Pakistani citizens lost modest sums, all just to get the easy money.
The reason why people are being scammed is because the IDA app was released on the pages or accounts of different Youtubers and digital content creators to build trust, while the scammed popular Youtubers were already worried about investing and collecting good amounts in 2 fortnights. Now those who are thinking about how IDA works must understand that this app works by collecting money from youth accounts and in return the app promised them a good return but apparently it is collapsing like the previous schemes leaving ruin in his wake.
The IDA application promised people to give their earnings after an interval of one month. The report states that investors were reported to get $5 for every $35 invested and thus a large number of people invested their hard-earned money in this crypto trading app. Users were drawn to high claims that were different because only a few were able to withdraw their money before the entire platform disappeared into the twilight. In order to fool the new users, the group even holds many meetups in different parts of the country where they try their best to fool the new customers. Since the app was shut down, more details are emerging and I found out that I asked members to bring more clients and deposit at least around $125.
Categories: Trends
Source: HIS Education