Indian authorities prepare to charge 3 defendants in alleged $240 million cryptocurrency scam
A special investigation team established to investigate a cryptocurrency fraud case in India worth $240 million will file charges against three main defendants this week. The police initially charged the three defendants, Hem Raj, Sukhdev, and Abhishek, under IPC Section 420 and 120 B (criminal conspiracy), as well as Prohibition Orders 21 and 23.
The fraud case, which was first exposed in October, was estimated to be worth about $24 million, but the investigation found that the fraud amount exceeded $240 million, with over 100,000 victims cheated in a multi-level false cryptocurrency scheme, which also involved more than 1,000 police officers.
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
Market Turmoil Hits Pi Network: Investors Face Uncertain Future
In Brief Pi Network's value has sharply declined, alarming many within the community. Experts predict a potential price drop of Pi Coin to $0.1 if trends continue. Investor confidence remains shaky due to regulatory and technical uncertainties.

1 in every 5 Americans hold Crypto: Ripple CLO
Ethereum MVRV Ratio Approaches Danger Zone – What’s Next for ETH?

XRP and ETH Show Promising Pump Signals, ETH Aims for $4,000 and XRP Aims for $17

Trending news
MoreCrypto prices
More








