Indian Police Bust International Bitcoin Extortion Rackets, 96 Arrested
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....
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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....
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 […]
Indian police have seized $1.2 million in bitcoin from a hacker who allegedly hacked a government website, online game portals, and cryptocurrency exchanges. He was previously arrested for stealing $1.5 million from an Indian state government. Indian Police Seize Bitcoins From Hacker The Bengaluru Central Crime Branch (CCB) Police have revealed that bitcoins worth Rs 9 crore ($1.23 million) have been seized from a 25-year-old hacker, local media reported Friday. The hacker known as Shri Krishna is a software engineer and resident of Jayanagar in south Bengaluru. He was arrested on Nov. 18....
Indian police have said OneCoin is a “clear Ponzi scheme” as they prepare to charge original figurehead Ruja Ignatova and others. In reports relayed by local news source Indian Express, Tushar Doshi, Deputy Commissioner of Police in Mumbai, said that so far 23 people were arrested in connection with OneCoin operations in India. “In this sort of scheme, investors become the perpetrators as well as victims. It is clear that this is a Ponzi scheme,” he told the publication. Doshi’s comments are the most direct suggestion yet from official sources that OneCoin is a Ponzi scheme, the outfit....
Indian authorities are engaging in a sweeping crackdown on OneCoin, a digital investment scheme that is commonly seen as a scam. On Sunday, Indian police in the city of Mumba arrested 18 individuals associated with the fraudulent scheme. According to The Hindu, the 18 individuals were conducting a OneCoin seminar over the weekend. The event, which saw at least 500 participants, was also attended by undercover police who witnessed the entire presentation that promised significant returns on the purchase of a single OneCoin for ₹11,900 (approx. $185). A report by Times of India reveals that....