Indian police recently revealed a large fraud Cryptocurrency -related cryptocurrencies that caused more than 2,000 victims and caused estimated losses between $ 1.2 and $ 2.4 million. This matter emphasizes the growing risks of fraud in the world of cryptos in India.
- The Indian police discovered a massive crypto fraud, which includes more than 2,000 victims and losses between $ 1.2 and $ 2.4 million.
- Suspects used online platforms to convert funds into cryptocurrencies and international level transfer and revealed alleged links with China.
Well established fraud
On Sunday Night Police Assam Arrested three individuals involved in a Massive crypto fraud Operating under the name “RSN Crypto”. Suspects, Assadul Islam, Hashanur Zaman and Kobad Ali Mollah are accused of cheating on thousands of people by promising them thousands of people High yields through a cryptomatic game called RSN.
According to the authorities, each victim was invited to invest at least $ 610, while the total diverted funds ranging between $ 1.2 and $ 2.4 million. The brain of surgery, Hekmot Ali Sarkar, is still on the run.
Survey revealed that cheaters used Online payment platform as paytm and phone for Collect money from victimsBefore converting to Tether (USDT) to cryptocurrencies and then transfer it to international accounts. The fraudulent site was hosted on Amazon servers with alleged links to China.
Fight against crypto fraud in India
This case is part of the wider context of multiplication of crypto fraud in India. Last month, the Office of the Central Indian Investigation Office (CBI) made a Summary Summary Gainestimated at $ 800 million.
In Mumbai, Ravi Mahaseth, the director of the ZX coin, was arrested for cheating investors of $ 23 million by promising them high yields in Bitcoin’s investments. In addition, the Law Directorate (ED) recently confiscated about $ 190 million in the crypto active components associated with the Bitconnect pyramid system.
Despite these seizures, only a small part of the stolen funds were obtained. India, facing an explosion of cryptographic fraud, intensifies its efforts to protect vulnerable investors.
While cryptocurrencies are gaining popularity in India, the authorities must double the vigilance of the face of increasingly sophisticated fraud. This case reminds of importance Attention and verifying resources before investing in this still unregulated sector.