Arrests continue in the $300 million cryptocurrency scam, in which approximately 100 thousand people were defrauded.
According to local news sources, Indian police have arrested eight more people as part of their ongoing investigation into cryptocurrency fraud.
Among the people arrested in one of the sources four of them are police officers It is stated. According to the findings of the Special Investigation Team, among the defrauded victims five thousand civil servants And about a thousand police officers It is located.
The foundations of the incident that came to light in September was expelled in 2018 It is assumed. Scammers are scamming people in the initial stages. Korvio Coin (KRO) They deceived them with their investment plans for a local cryptocurrency called.
In the following periods, different cryptocurrencies began to be used and fake websites were opened for them.
scammers, Police officers also contribute As a result, it began to appeal to a wide audience. According to local sources more than a thousand police officers, was involved in what was done. Some of them were defrauded, some made money, and some voluntarily advertised the project.
Authorities in India launched a comprehensive investigation into the issue following reports received in the last two years. As a result of the investigation carried out at the end of last month, approximately 250 thousand identity cards found.
Following investigations, 100 people were also killed thanks to this fraud. 240 thousand dollars per person; 200 people per person Earned 120 thousand dollars learned.
While 18 people have been arrested so far, Subhash Sharma, who is suspected to be the leader of the network, has not been found yet.