The Economic Times News

Rs 11.95-crore crypto fraud exposed: UP police bust gang using rented bank accounts, fake investment schemes across districts

Sitapur police busted a major crypto fraud ring, arresting six individuals for laundering over Rs 11.95 crore. The syndicate exploited rented bank accounts and duped citizens with fake investment schemes on social media. Authorities seized crucial evidence and are investigating potential international links, urging public vigilance against cybercrime.