Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

How Castler Escrow Platform Could Have Prevented the Mumbai Scam

In a recent incident, a Mumbai man lost Rs. 1 lakh after falling for an online investment scam on Telegram. The victim was promised high returns on his investment, but he never received any money back.

Castler Escrow platform could have prevented this scam from happening. Castler is a secure platform that allows users to make payments and receive payments in a safe and transparent way. When a user makes a payment through Castler, the money is held in escrow until the transaction is complete. This means that the seller cannot access the money until the buyer has received the goods or services they have purchased.

If the Mumbai man had used Castler Escrow platform, he would have been protected from the scam. The money he sent would have been held in escrow until he had received the promised returns on his investment. If the seller had failed to deliver on their promise, the man would have been able to get his money back.

Castler Escrow platform is a valuable tool that can help protect users from online scams. If you are considering making an online investment, I urge you to use Castler Escrow platform to protect yourself.

Here are some additional tips for staying safe from online scams:

Do your research before making any investment.
Be wary of promises of high returns with little or no risk.
Only invest money that you can afford to lose.
Never give out your personal information, such as your bank account number or credit card number, to someone you don’t know.
If you think you may have been scammed, report it to the authorities immediately.