NEWS FLASH: Major Crypto Scam Network Busted in Uttar Pradesh
SITAPUR, UP – Police in Sitapur, Uttar Pradesh, have successfully dismantled a sophisticated cryptocurrency fraud ring, leading to the arrest of six suspects. $DOGE
The gang is accused of orchestrating a massive scam, defrauding numerous unsuspecting investors of an estimated ₹11.95 crore (approximately $1.4 million USD).
The operation involved a complex scheme utilizing several deceitful tactics. $UNI
The fraudsters reportedly leveraged rented bank accounts to launder illicit funds and aggressively promoted their fraudulent investment schemes through fake advertisements across various social media platforms. The police confirmed that the network was highly effective at targeting and deceiving vulnerable individuals seeking quick returns in the crypto space. This significant bust underscores the escalating challenge authorities face in combating financial crimes that hide behind the anonymity of digital assets.
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