crypto fraud

SIT Arrests 7 More in Himachal Pradesh Cryptocurrency Fraud Case

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[ad_1] The Special Investigation Team (SIT) probing the multi-crore cryptocurrency fraud case in Himachal Pradesh has arrested seven more persons for their involvement in luring unsuspecting victims with fake investment plans, police said on Tuesday. All accused played distinct roles in the fraud from managing back-end office activities and databases, coordinating communications, providing technological support, … Read more

Cryptocurrency Worth $930,000 Seized by CBI From Ahmedabad-Based Man Who Allegedly Defrauded US Citizen

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[ad_1] The CBI has seized cryptocurrency worth more than $930,000 (around Rs 7.7 crore) from an Ahmedabad-based man who allegedly cheated a US-citizen posing as a senior executive of a multi-national company’s fraud department, officials said. Based on inputs from the Federal Bureau of Investigation (FBI) of the United States, the CBI filed an FIR … Read more

Cryptocurrency Firms Gemini, DCG, Genesis Sued in US for Alleged $1 Billion Fraud

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[ad_1] New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly “defrauding” investors of more than $1 billion (roughly Rs. 8,317 crore).  The development underscores the challenges the crypto industry continues to face almost a year after the bankruptcy of Sam … Read more

Navi Mumbai Cyber Police Freeze Bank Accounts Worth Rs 32.66 Crore in Cryptocurrency Fraud Probe

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[ad_1] The Navi Mumbai cyber police conducting the probe into a cryptocurrency fraud have frozen several bank accounts involving amounts worth Rs 32.66 crore, an official said on Wednesday.  Senior police inspector Gajanan Kadam of the cyber police station in Navi Mumbai said they received a cheating complaint in August from a man who claimed … Read more