Close Menu
Cryprovideos
    What's Hot

    $400,000,000 Coinbase Hack Linked to India-Primarily based Worker Caught Taking Images of Pc Display: Report – The Every day Hodl

    June 4, 2025

    XRP Ledger battles inflow of rip-off crypto tasks as Ripple eyes world monetary position

    June 4, 2025

    Floating-Level 8: Revolutionizing AI Coaching with Decrease Precision

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»5 Arrested in India for $700K Crypto Fraud Scheme
    5 Arrested in India for 0K Crypto Fraud Scheme
    Crypto News

    5 Arrested in India for $700K Crypto Fraud Scheme

    By Crypto EditorMarch 28, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Indian authorities lately apprehended 5 people, together with one girl, concerned in a classy crypto rip-off that defrauded a businessman of practically $700,000.

    The suspects are accused of deceiving the sufferer by impersonating a professional Japanese cryptocurrency trade and manipulating him into transferring massive sums via a fraudulent platform.

    This operation highlights the growing issues round cryptocurrency-related frauds in India, with the federal government taking robust measures to fight these scams. The arrests had been made after an investigation by Odisha’s Cybercrime Unit, revealing a well-organized scheme involving a pretend crypto buying and selling app, ZAIF. Whereas ZAIF is the identify of a professional Japanese trade, it had suffered a significant hack in 2022, and the criminals on this case should not linked to it.

    The rip-off started when a girl posed as a software program developer from Hong Kong on social media, gaining the sufferer’s belief. She satisfied him to take a position by promising excessive returns, making him switch roughly $700,000 into accounts managed by the fraudsters over a span of 1 month. Because the sufferer sought to withdraw his funds, the scammers demanded further cash, threatening to withhold his investments. When he refused, the scammers disappeared, however the police managed to hint them utilizing digital proof and monetary data.

    In a separate growth, authorities in Srinagar lately arrested eight people concerned in one other crypto fraud scheme, this one totaling over $244,000. The scammers operated a pretend crypto and foreign exchange platform, convincing over 5,000 traders to contribute vital quantities underneath the guise of assured returns.

    These incidents come at a time when issues about crypto scams are rising globally, with some distinguished figures, together with Peter Schiff, brazenly criticizing the business.

    5 Arrested in India for 0K Crypto Fraud Scheme

    Telegram





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    $400,000,000 Coinbase Hack Linked to India-Primarily based Worker Caught Taking Images of Pc Display: Report – The Every day Hodl

    June 4, 2025

    XRP Ledger battles inflow of rip-off crypto tasks as Ripple eyes world monetary position

    June 4, 2025

    Crypto Funds Agency MoonPay Secures New York BitLicense – Decrypt

    June 4, 2025

    Why BlockDAG Is the Prime Presale Crypto: 150M Day by day Bonus Beats SPY & PEPETO

    June 4, 2025
    Latest Posts

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025

    An settlement in South Korea: new treasurer for Bitcoin

    June 4, 2025

    Shockingly Bullish Bitcoin Value Prediction Made by Legendary Enterprise Capitalist

    June 4, 2025

    South Korea’s new president races to approve Bitcoin ETFs for 16 million merchants

    June 4, 2025

    Moscow Trade Launches Bitcoin Futures For Certified Buyers

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Crypto Volatility is Tamer Than You Suppose !

    February 14, 2025

    Manhattan Prosecutors Revise Crypto Crime Techniques After Trump's Newest Appointment | Bitcoinist.com

    November 16, 2024

    Slovenia plans 25% crypto revenue tax – Will your good points survive?

    April 18, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.