Fraudsters used social media, fake apps, and fabricated profits to lure victims before demanding hefty fees, exposing a growing multi-state scam network.
Six people were arrested in Ahmedabad for a ₹1.5 crore multi-state crypto scam, as the city records 694 fraud cases worth ₹134.45 crore in two years.
India’s crypto policy paper—meant to outline regulation using global frameworks—has been repeatedly delayed since 2024 due to RBI opposition, leaving the industry without clear rules.
India’s ₹315 crore cyber fraud case against Pawan Ruia grew from a ₹93 lakh scam into 1,379 complaints involving 148 shell firms and crypto laundering abroad.
Fraudsters dupe a tech professional and an elderly lady from Pune in two separate cases, highlighting an alarmingly growing trend of digital scams in the city.
Sumit Gupta broke his silence on the arrest saga, announcing CoinDCX’s ₹100 crore Digital Suraksha Network to strengthen fraud prevention across India’s digital finance ecosystem.
