CBI EXPOSES ₹350 CR. CRYPTO FRAUD! BEWARE OF ATTRACTIVE OFFERS!

We are living in an era of smart fraudsters. Not only users, but even scammers are learning advanced methods to swindle peoples money. If you're in the forex market, there's one rule you must follow: Stay away from anyone offering deals that seem too good to be true!

A similar incident happened in India, where authorities recovered Rs 34.20 lakh and US$ 38,414 during the operation. The Fraudsters scammed individuals out of crores of rupees through cryptocurrency transactions and Ponzi schemes.

The Central Bureau of Investigation (CBI) raided seven states Delhi, Jharkhand, Punjab, Madhya Pradesh, Gujarat, Tamil Nadu, and Rajasthan, targeting seven individuals. The accusers took advantage of numerous social media groups to attract people into Ponzi schemes.

A CBI press release stated that a case has been registered against seven accused operating a cybercrime module. The CBI seized ₹34.20 lakh and US$38,414 during the operation. The accused defrauded victims of crores by enticing them with online loans, online lucky draws, UPI fraud, and Internet banking scams.

Recovered Items

The CBI recovered ₹34.20 lakh, seven mobile phones, a laptop, a tablet, three hard disks, 10 pen drives, memory cards, SIM cards, debit/ATM cards, email accounts, and several important documents with digital evidence. The accused had multiple bank accounts and cryptocurrency wallets. Over two years, transactions worth over ₹350 crore were made through these accounts and wallets.

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