Binance & Ahmedabad Police Expose ’Digital Arrest’ Crypto Scam – Here’s How They Did It
Crypto meets crime-fighting: Binance just teamed up with Indian authorities to dismantle a brazen 'digital arrest' scam. No hoodies needed—just blockchain forensics.
How the scam worked: Fraudsters impersonated law enforcement, freezing victims' assets remotely while demanding crypto payments for 'release.' Classic fear-mongering with a Web3 twist.
The takedown: Ahmedabad's cyber cell traced wallet patterns while Binance's compliance team flagged suspicious transactions. A rare case of private-public coordination actually working.
Bigger picture: As regulators scramble to keep up, exchanges are becoming de facto crypto cops—whether they like it or not. (Bonus jab: Meanwhile, traditional banks still can't detect money laundering if it's deposited via armored truck.)
Bottom line: Scams evolve, but so does enforcement. This time, the good guys had blockchain's immutable ledger on their side.
