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How Castler Escrow Could Have Protected a Woman from Online Scam in Coimbatore

A woman in Coimbatore was recently conned of Rs. 22 lakh by online scammers. The scammers posed as government officials and convinced the woman that she owed money in taxes. They then told her that she could pay the taxes using a cryptocurrency called Bitcoin. The woman transferred the money to the scammers, but she never received the Bitcoin.

If the woman had used Castler Escrow, she would have been protected from this scam. Castler Escrow is a platform that holds payments in escrow until both parties have agreed that the transaction is complete. This means that the woman would not have been able to send the money to the scammers until she had received the Bitcoin.

Here are some of the ways that Castler Escrow could have prevented the scam in this case:

  • The woman would not have been able to send the money to the scammers until she had received the Bitcoin.
  • Castler Escrow would have verified the identity of the scammers before allowing them to create an account.
  • Castler Escrow would have monitored the transaction and flagged it as suspicious if the scammers had tried to withdraw the money before the woman had received the Bitcoin.

If you are considering making a large payment online, be sure to use a secure platform like Castler Escrow. This will help protect you from fraud.