Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
18 Arrested, Including Police Officers, in $300 Million Indian Crypto Scam

18 Arrested, Including Police Officers, in $300 Million Indian Crypto Scam

CointimeCointime2023/11/06 18:21
By:Cointime

Indian authorities have arrested 18 people, including four police officers, for their suspected involvement in a $300 million cryptocurrency scam that victimized around 100,000 people. The investigation into the Himachal Pradesh scam is ongoing, and eight new arrests have been made. The scam involved fraudsters approaching victims with investment plans involving a local cryptocurrency called Korvio Coin, and several other cryptocurrencies were reportedly used through fake websites. The scam gained legitimacy because it involved police personnel, with more than 1,000 cops becoming involved in the scheme. The alleged kingpin, Subhash Sharma, remains at large, and the Enforcement Directorate is investigating the role of five women suspected of having worked as agents or promoters for him.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

XRP Bulls Gain Momentum as Sellers Face Rejection

XRP price action signals bullish dominance as sellers fail at key support, reminiscent of 2017-2018 levels. Could a rally be on the horizon?XRP Bulls Push Back as Sellers Face RejectionTechnical Analysis: Bullish Signs EmergingWhat’s Next for XRP?

Coinomedia2025/02/28 01:33

Dogecoin FOMO? Arctic Pablo Could Be Your Next Big Move Among the Top New Meme Coins to Invest in This Week

Meme coins have carved out a unique niche, captivating both seasoned investors and newcomers alike.Arctic Pablo Coin: The New Frontier in Meme CoinsThe Rise and Challenges of DogecoinConclusion: Seizing the OpportunityFAQs

Coinomedia2025/02/28 01:33