Indian Police Arrests Crypto Fraudster Accused Of $31 Million Scam
Notably, the cryptocurrency industry expanded its boundaries in India in recent years. But unfortunately, cybercriminals and crypto fraudsters also ramped up their efforts to loot investors’ hard-earned money in this sector. As a result, it put the law-enforcement forces on their toes and led government authorities to stricter regulations. Similarly, the Indian police force in […]
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Indian police have arrested 11 people so far in connection with a fraudulent cryptocurrency scheme that has duped about 2,000 investors out of $5.4 million.
11 People Arrested so Far in Cryptocurrency Scam in India
Indian police have cracked down on a cryptocurrency investment scheme that has duped over 2,000 investors out of 40 crore rupees ($5.4 million).
The number of arrests reached 11, seven of whom were arrested on Sunday in Maharashtra’s Nagpur, according to PTI.
The main accused, Nishid Wasnik, and his wife Pragati, along with two other....