State cybercrime PS informon scam website ‘HPZ tokens’

The state cybercrime police station has registered a case against unknown accused persons based on a written complaint vide case No. 03/2021 U/S 420/120 B IPC R/W 66 D IT Act.
According to a DIPR report, the fraudsters who went by the name “HPZ Tokens” duped thousands of people throughout India “amounting to crores of rupees.”
The modus operandi of the scammers was to lure victims to invest in the company on the pretext of doubling their investment by an app called HPZ Token.
The report informed that initially, some investors received returns from their investments made and the victims were 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 was done through an app downloaded from the HPZ Token website through virtual payment addresses.
As per the allegations, the scam in Nagaland “started around June 2021” and by August 2021, the fraudsters had stopped the payments and the website was inaccessible.
Police have informed the public to volunteer and share information if any with regard to the above companies/allegations.
The identity of the informant, if desired would be kept confidential and information regarding the case may be shared to +91 8413980982.
The state cybercrime police station stated that the case highlighted the widespread cybercrimes committed in the country and state.
In this regard, the public have been requested 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.
“Cybercrime is a highly organised crime and we all need to remain vigilant” it further stated.