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Beware of HPZ Tokens scammers: Cybercrime Branch

Nagaland News

DIMAPUR, FEBRUARY 17: Nagaland Police have invited citizens to volunteer and share information, if any, about alleged fraud committed by a company named HPZ Tokens.
In a press release, the State Cybercrime Police Station assured that the identity of the informant, if desired, will be kept confidential. Information may be shared at +91 8413980982.
It informed that a case against unknown accused persons has been already registered following a written complaint.
“The fraudsters going by the name HPZ Tokens have duped thousands of people throughout India amounting to crores of rupees. The modus operandi of the scammers is to first lure the victims to invest in the company on the pretext of doubling their investment by an app called HPZ Token. Initially, some investors received returns from their investments made.
“The victims are further asked to introduce more investors to get additional incentives/bonuses apart from their investments i.e. downline commission. The mode of payment by the investors is through an app downloaded from the HPZ Token website in virtual payment addresses. The scam in Nagaland started around June 2021 and by August 2021, the fraudsters have stopped the payments and the website is not accessible”, it informed.
The Cybercrime Branch also requested citizens not to share bank details/OTPs with anyone and avoid transfer of money to unknown persons/accounts even if they appear genuine without clear confirmation.
(Page News Service)