📷 Image: Wikimedia Commons / Arjunaraoc
Crime
Two Andhra Pradesh Residents Arrested in Rs 10 Crore Crypto Investment Scam
✍️ The New Indian Express
🗓 12 Oct 2026, 09:17 AM
👁 11
Police in Andhra Pradesh have detained two individuals suspected of orchestrating a cryptocurrency investment fraud that duped victims of approximately Rs 10 crore.
Andhra Pradesh police announced the arrest of two suspects linked to a large‑scale cryptocurrency investment fraud that is alleged to have defrauded investors of around Rs 10 crore.
The duo is accused of enticing victims with promises of high returns from crypto trading platforms, collecting the money and subsequently moving the funds to personal accounts before vanishing.
The investigation, spearheaded by the state cyber‑crime cell, traced the financial trail, identified the perpetrators and took them into custody for further questioning.
Authorities have cautioned the public against unsolicited crypto investment offers and have urged anyone with relevant information to contact the cyber‑crime helpline.
The case adds to growing concerns over crypto‑related scams in India, prompting calls for tighter regulatory oversight.
The duo is accused of enticing victims with promises of high returns from crypto trading platforms, collecting the money and subsequently moving the funds to personal accounts before vanishing.
The investigation, spearheaded by the state cyber‑crime cell, traced the financial trail, identified the perpetrators and took them into custody for further questioning.
Authorities have cautioned the public against unsolicited crypto investment offers and have urged anyone with relevant information to contact the cyber‑crime helpline.
The case adds to growing concerns over crypto‑related scams in India, prompting calls for tighter regulatory oversight.