Cryptocurrency Scams
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Probe Agency Attaches Assets Worth Rs 2.34 Crore In J&K Crypto Scam
The Enforcement Directorate (ED) Srinagar said on Wednesday that it has attached two bank accounts and immovable property worth Rs 2.34 crore in a bogus cryptocurrency scam.
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Luxembourg Labels Crypto Firms as High-Risk Entities for Money LaunderingÂ
Luxembourg, in its 2025 National Risk Assessment (NRA) report, the country said that crypto companies are at a high risk of being exploited by money launderers. The report also highlighted that human traffickers and migrant smugglers in the region are heavily relying on cryptocurrencies to accumulate, hold, and transfer illicit earnings.
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Fake Elon Musk's Mother Asks Retired Captain To Invest, Cleans Rs 72 Lakh
A gang of fraudsters duped a retired army Captain of Rs 72.16 lakh after promising to invest in Elon Musk's SpaceX and Tesla, and cryptocurrency, the police in Haryana's Faridabad said.
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Thane Man Loses Rs 47.47 Lakh In Cryptocurrency 'Investment' Scam
A 38-year-old man from Maharashtra's Thane district was allegedly duped of Rs 47.47 lakh by fraudsters who lured him to invest in cryptocurrency, police said on Monday.
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GainBitcoin Scam: CBI Seizes Cryptocurrencies Worth Rs. 23.94 Crore
The Central Bureau of Investigation (CBI) said it seized significant incriminating evidence and virtual digital assets, unravelling the extent of the cryptocurrency fraud following nationwide searches conducted on February 25-26 in connection with the GainBitcoin scam cases.
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ED Uncovers Rs. 600 Crore Crypto Fraud, Seizes Rs. 2.18 Crore in Search Operations
The probe was initiated following a newspaper report highlighting the case of Chirag Tomar, an Indian national currently serving a prison sentence in the US for defrauding over $20 million (roughly Rs. 174 crore) from hundreds of victims.
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Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis
The use of generative AI likely lifted revenues from crypto scams to a record high in 2024, Chainalysis has said in its recent report. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.
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Tron, Tether, and TRM Labs Unite via Financial Crime Unit T3, Freeze $126 Million in Illicit Funds
This week, Tron confirmed that the T3 unit successfully retrieved and froze $126 million (roughly Rs. 1,081 crore) in crime-related funds. Established by Tron, Tether, and TRM Labs, the T3 financial crime unit was created to combat the criminal misuse of USDT on the Tron network.
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Crypto Scammers Are Reportedly Posing as Job Recruiters to Circulate MalwareÂ
Crypto scammers are using platforms like LinkedIn to reach out to job seekers, asking them to fix issues with video call software and subsequently injecting malicious malware to get access to the victims’ computers.Â
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MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi (23), was arrested based on the clues found in the case of cheating a city-based software engineer of Rs 1.35 lakh by placing him under "digital arrest".
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How Delhi-Noida Gang Cheated Elderly US, Canada Citizens Of Rs 260 Crore
The CBI has unearthed a cryptocurrency scam, in which three individuals collected Bitcoins worth Rs 260 crore through fraudulent means from senior citizens in the US and Canada, the federal agency said.
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Nearly 800 Arrested In Nigeria Over Crypto-Romance Scams
Nigeria's anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of romance, then pressed them to hand over cash for phoney cryptocurrency investments.
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Telegram Groups Emerge as Entry Points for Crypto Scammers, Warn Security Firms
Scam Sniffer, in a post on X, revealed that crypto scammers are creating fake accounts impersonating popular influencers. These profiles actively comment on posts to target potential victims.
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South Korea Arrests 215 On Suspicion Of $228 Million Crypto Scam
South Korean police have arrested 215 people on suspicion of stealing 320 billion won ($228.4 million) in the biggest cryptocurrency investment scam in the country.
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Hong Kong Busts Deepfake Scam, $46 Million Stolen In Romance Fraud
The group, targeting men from Taiwan to Singapore and as far away as India, used AI-powered deepfakes to run a fraudulent cryptocurrency platform.
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Probe Agency Attaches Assets Worth Rs 2.34 Crore In J&K Crypto Scam
The Enforcement Directorate (ED) Srinagar said on Wednesday that it has attached two bank accounts and immovable property worth Rs 2.34 crore in a bogus cryptocurrency scam.
-
Luxembourg Labels Crypto Firms as High-Risk Entities for Money LaunderingÂ
Luxembourg, in its 2025 National Risk Assessment (NRA) report, the country said that crypto companies are at a high risk of being exploited by money launderers. The report also highlighted that human traffickers and migrant smugglers in the region are heavily relying on cryptocurrencies to accumulate, hold, and transfer illicit earnings.
-
Fake Elon Musk's Mother Asks Retired Captain To Invest, Cleans Rs 72 Lakh
A gang of fraudsters duped a retired army Captain of Rs 72.16 lakh after promising to invest in Elon Musk's SpaceX and Tesla, and cryptocurrency, the police in Haryana's Faridabad said.
-
Thane Man Loses Rs 47.47 Lakh In Cryptocurrency 'Investment' Scam
A 38-year-old man from Maharashtra's Thane district was allegedly duped of Rs 47.47 lakh by fraudsters who lured him to invest in cryptocurrency, police said on Monday.
-
GainBitcoin Scam: CBI Seizes Cryptocurrencies Worth Rs. 23.94 Crore
The Central Bureau of Investigation (CBI) said it seized significant incriminating evidence and virtual digital assets, unravelling the extent of the cryptocurrency fraud following nationwide searches conducted on February 25-26 in connection with the GainBitcoin scam cases.
-
ED Uncovers Rs. 600 Crore Crypto Fraud, Seizes Rs. 2.18 Crore in Search Operations
The probe was initiated following a newspaper report highlighting the case of Chirag Tomar, an Indian national currently serving a prison sentence in the US for defrauding over $20 million (roughly Rs. 174 crore) from hundreds of victims.
-
Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis
The use of generative AI likely lifted revenues from crypto scams to a record high in 2024, Chainalysis has said in its recent report. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.
-
Tron, Tether, and TRM Labs Unite via Financial Crime Unit T3, Freeze $126 Million in Illicit Funds
This week, Tron confirmed that the T3 unit successfully retrieved and froze $126 million (roughly Rs. 1,081 crore) in crime-related funds. Established by Tron, Tether, and TRM Labs, the T3 financial crime unit was created to combat the criminal misuse of USDT on the Tron network.
-
Crypto Scammers Are Reportedly Posing as Job Recruiters to Circulate MalwareÂ
Crypto scammers are using platforms like LinkedIn to reach out to job seekers, asking them to fix issues with video call software and subsequently injecting malicious malware to get access to the victims’ computers.Â
-
MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi (23), was arrested based on the clues found in the case of cheating a city-based software engineer of Rs 1.35 lakh by placing him under "digital arrest".
-
How Delhi-Noida Gang Cheated Elderly US, Canada Citizens Of Rs 260 Crore
The CBI has unearthed a cryptocurrency scam, in which three individuals collected Bitcoins worth Rs 260 crore through fraudulent means from senior citizens in the US and Canada, the federal agency said.
-
Nearly 800 Arrested In Nigeria Over Crypto-Romance Scams
Nigeria's anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of romance, then pressed them to hand over cash for phoney cryptocurrency investments.
-
Telegram Groups Emerge as Entry Points for Crypto Scammers, Warn Security Firms
Scam Sniffer, in a post on X, revealed that crypto scammers are creating fake accounts impersonating popular influencers. These profiles actively comment on posts to target potential victims.
-
South Korea Arrests 215 On Suspicion Of $228 Million Crypto Scam
South Korean police have arrested 215 people on suspicion of stealing 320 billion won ($228.4 million) in the biggest cryptocurrency investment scam in the country.
-
Hong Kong Busts Deepfake Scam, $46 Million Stolen In Romance Fraud
The group, targeting men from Taiwan to Singapore and as far away as India, used AI-powered deepfakes to run a fraudulent cryptocurrency platform.
