in the state of Maharashtra indian police,Caught the person accused of defrauding 1,441 investors with fake cryptocurrency.
As the crypto industry expands, new scams and scams emerge. In the past period, Indian authorities prevented a robbery worth 162 million dollars. This time, he went after and arrested a criminal who deceived investors with fake cryptocurrencies.
Indian Crypto Scam Caught in Thane
According to the news in the Times of India, Thane police are dealing with economic and financial crimes. Economic Crime Wing(EOW) has arrested a person accused of crypto fraud in the state of Maharashtra.
The criminal arrested in the city of Thane, in the western Indian state of Maharashtra, Magic 3xand SMP He deceived 1,441 investors by using fake cryptocurrencies he named. The scammer has reportedly gotten over 2.5 billion rupees ($31.2 million) from people he swindled across India. In addition, it is stated that 24 investors who have lost 55 thousand dollars so far have come to the fore in the related fraud case.
IndiaIt is also investigating 10 different cryptocurrency exchanges in the country for alleged laundering of more than 10 billion rupees ($125 million).
