Indian police officers arrested in $300m crypto scam investigation
Eight persons, including four law enforcement officers , were arrested by India’s special invest igation team (SIT) in connection to a massive crypto currency fraud scheme dating back to 2018. Detainment of these individuals brought the total arrest tally to 18 as authorities continued to investigate a $300 million crypto scam that affected some 5,000 government employees and around 1,000 police staffers. Mukesh Agnihotri, deputy chief minister of Indian state Himachal Pradesh, told the public to expect more arrests in connection to the illegal operation which raked in millions from victims spanning several years. Multiple victims reportedly lodged 56 complaints with local police between 2021 and 2023 regarding a crypto scam revolving around Korvio Coin, a locally launched crypto token. Subhash Sharma, the prime suspect believed to have masterminded the scheme, and currently remains on the run. You might also like: New research reveals the most common crypto scams in...