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In a major operation against cyber fraud, the Central Bureau of Investigation (CBI) conducted searches at 11 locations across Delhi and Haryana, targeting individuals involved in a cryptocurrency scam. The investigation uncovered a sophisticated network of fraudsters who exploited digital assets to launder money and dupe unsuspecting victims.
The Raid and Seizures
The CBI raided nine locations in Delhi and two in Hisar, Haryana, leading to the seizure of ₹1.08 crore in cash, foreign currency worth $1,000, and 252 grams of gold. Additionally, officials confiscated six laptops, eight mobile phones, and an iPad, along with other digital evidence linked to the fraudulent operations.
Modus Operandi
According to sources, the accused posed as government officials and technical support agents, luring victims into transferring funds in cryptocurrency. These funds were then funneled through multiple digital wallets before being converted into cash. Investigators also found that the fraudsters used sophisticated tools, including VoIP-based calling software and darknet access, to maintain anonymity and avoid detection.
Legal Action and Investigation
The CBI has filed a charge sheet against three individuals under various sections of the Indian Penal Code (IPC) and the Information Technology (IT) Act. Officials believe that the scam has international links and are coordinating with global agencies to trace more suspects.
The case underscores the rising threat of cyber and cryptocurrency fraud in India. With the increasing adoption of digital assets, law enforcement agencies are ramping up efforts to track and prevent such crimes. The CBI has reiterated its commitment to cracking down on cybercriminals and ensuring justice for victims.
As the investigation continues, more arrests and revelations are expected in what could be one of the largest crypto fraud cases in recent times.
