In a significant crackdown on cryptocurrency-related fraud, the Central Bureau of Investigation (CBI) conducted extensive searches at 11 locations across Delhi and Haryana. The operation led to the seizure of ₹1.08 crore in cash, digital evidence, and foreign currency, all linked to a sophisticated crypto fraud scheme.
The raids targeted nine sites in Delhi and two in Hisar, Haryana, focusing on cybercriminals who allegedly impersonated government officials to deceive individuals. These fraudsters offered bogus technical support services, convincing victims to part with their money, which was then funneled through multiple cryptocurrency wallets to obscure the trail.
The CBI's swift action underscores the growing concern over the misuse of digital currencies in fraudulent activities. By seizing substantial cash reserves and crucial digital evidence, the agency aims to dismantle the network of scammers exploiting the anonymity associated with cryptocurrencies.
This operation highlights the necessity for increased vigilance and regulatory measures in the rapidly evolving crypto landscape. As digital currencies gain mainstream acceptance, ensuring their secure and legitimate use becomes paramount to protect consumers from emerging cyber threats.
Author
Surabh Yadav
