18 Arrested, Including Police Officers, in $300 Million Indian Crypto Scam
Indian authorities have arrested 18 people, including four police officers, for their suspected involvement in a $300 million cryptocurrency scam that victimized around 100,000 people. The investigation into the Himachal Pradesh scam is ongoing, and eight new arrests have been made. The scam involved fraudsters approaching victims with investment plans involving a local cryptocurrency called Korvio Coin, and several other cryptocurrencies were reportedly used through fake websites. The scam gained legitimacy because it involved police personnel, with more than 1,000 cops becoming involved in the scheme. The alleged kingpin, Subhash Sharma, remains at large, and the Enforcement Directorate is investigating the role of five women suspected of having worked as agents or promoters for him.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Traders Anticipate Major Price Surge for HYPE Token
In Brief Significant short-term price increase anticipated for HYPE token by crypto market analyst. Analyst predicts a potential 150% rise due to current market conditions. Altcoins may experience volatile fluctuations as four-year crypto cycles end.

Ethereum Whale Stirs Market with Strategic Cryptocurrency Moves
In Brief The Ethereum whale divested $2 million ETH and invested in three different tokens. The whale's strategic moves led to increased market interest and token value growth. Investors observe potential risks and opportunities from the whale's diversification action.

Spot Sui ETF Sparks Immediate Price Surge
In Brief Sui's price briefly increased after 21Shares' ETF application was announced. The SEC's decision on ETF applications is anticipated by November 2025. Growing investor demand is evident with nearly 70 crypto-based ETF reviews ongoing.

US Non-Farm Payrolls Exceed Forecasts; Dollar Gains

Trending news
MoreCrypto prices
More








