Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Be...
An Indian law enforcement agency has arrested Naisar Kothari, a cryptocurrency trader, for his role in a money-laundering scheme linked to online Chinese betting scams. The arrest was made after the country’s Enforcement Directorate (ED) detected large amounts of money “being inexplicably transferred to some cryptocurrency traders.” In addition to Kothari’s arrest, the ED conducted multiple raids on companies and individuals thought to be running illegal online betting apps. The ED believes the online apps, which are hosted outside India, are being operated by....
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MUMBAI: Indian authorities arrested a criminal police constable and his seven associates on Wednesday, February 02, 2022. The authorities charged them for kidnapping a local crypto trader to get a bitcoin ransom worth $40 million. Dilip Tukaram Khandare came to know about a person residing at Pune, the east commercial capital of Mumbai, possessing a […]
Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin from foreigners. They set up illegal call centers, posed as police officers, and told the victims that their bank accounts had been used in illegal transactions. They also threatened to immediately arrest the victims and freeze their assets. Bitcoin Extortionists Arrested in India Delhi police have reportedly arrested 96 people for allegedly extorting bitcoin from foreign nationals through fake call center schemes. According to local media, 54 people were arrested for running a call center in west....
India’s Narcotics Control Bureau (NCB) has arrested a Mumbai resident known as “crypto king,” who allegedly used bitcoin to purchase narcotics on the dark web. Indian cryptocurrency exchange Wazirx says the accused is not one of its customers. ‘Crypto King’ Arrested in India A Mumbai resident, Makarand Pardeep Adivirkar, also known as “crypto king” in the country’s underground drug circuit, has been arrested by India’s Narcotics Control Bureau (NCB). He allegedly used bitcoin to purchase drugs on the dark web that were delivered to....
Police in Israel have detained three suspects who allegedly laundered millions of euros stolen from the French treasury through cryptocurrency transactions. The money came from government grants for businesses affected by the Covid-19 pandemic. Israeli Law Enforcement Busts Money-Laundering Ring Using Coins to Clean Money for French Fraudsters Three people have been arrested in Israel this week on suspicion of providing money-laundering services to criminals who defrauded the French state. The operation follows a covert investigation carried out by Lahav 433, Israel’s special....
A man allegedly behind a cryptocurrency investment scam has been arrested in Bangkok, Thailand. He lured people into investing in his fraudulent crypto scheme by promising high returns, telling investors they could earn a 400% return by investing in just 200 days.
Alleged Crypto Scammer Arrested in Bangkok
A 50-year-old man who allegedly scammed Thai and foreign cryptocurrency investors was arrested on Saturday in Bangkok, Thailand. He tried to flee with over 500 million baht ($15 million), the Bangkok Post reported.
Major General Montri Thetkhan, commander of the....