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Indian Police Crack Down on Crypto Scam Network, Arrest Six

Indian Police Crack Down on Crypto Scam Network, Arrest Six

Author:

Global Cryptocurrency

Published:

2026-02-15 12:31:01

10

3

BTCCSquare news:

Indian authorities have arrested six individuals in a week-long enforcement drive targeting illicit crypto activities. Investigators traced illegal fund flows across multiple states, including Maharashtra and Andhra Pradesh, recovering approximately Rs. 16.9 lakh ($18,673) for victims through court orders.

One notable arrest involved Gummadi Rambabu in Kakinada, accused of operating as a mule account for moving illicit funds. The case originated when a victim was approached on Facebook with a crypto investment scheme. After days of persuasion, the victim joined 'AZ70 Market Radar Station,' a Facebook group where administrators shared stock tips and displayed fabricated profit screenshots to lure new members.

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