CBI Unveils Massive ₹350 Crore Cryptocurrency Ponzi Scheme Seven Arrested

The Central Bureau of Investigation (CBI) has launched a significant crackdown on a cryptocurrency Ponzi scheme, booking seven individuals involved in fraudulent transactions exceeding ₹350 crore. This operation, which spanned multiple locations, uncovered various modules deceiving investors through false promises of high returns from non-existent cryptocurrency mining ventures. The CBI's investigation revealed extensive networks of bank accounts used for illicit fund transfers, highlighting the growing threat of digital currency scams in India. The agency continues to pursue leads to ensure accountability in this case.

 

Source: The Statesman, X, Indian Express