A fake DBS-branded crypto investment app has surfaced in India, tricking users with professional-looking interfaces, forged approvals and high-return promises. Scammers targeted investors through social media and messaging groups, directing them to deposit money into controlled wallets before disappearing. The incident highlights rising digital-asset fraud as criminals exploit trusted financial names amid India’s growing crypto interest. Regulators continue warning users to rely only on verified platforms and avoid third-party links, while banks urge customers to report suspicious activity promptly to curb escalating investment scams