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05 Nov 2026•
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Two Arrested in Mumbai for Defrauding Share‑Market Professional of ₹19.78 Lakh in Crypto Scam
📷 Image: Wikimedia Commons / Nicholas (Nichalp)
Crime

Two Arrested in Mumbai for Defrauding Share‑Market Professional of ₹19.78 Lakh in Crypto Scam

✍️ lokmattimes.com 🗓 01 Sep 2026, 04:35 PM 👁 57
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Mumbai police have detained two suspects accused of cheating a share‑market professional out of ₹19.78 lakh through a cryptocurrency fraud.

Mumbai police announced the arrest of two individuals suspected of siphoning ₹19.78 lakh from a share‑market professional via a cryptocurrency scheme. The suspects were taken into custody after investigators linked them to a fraud that exploited the victim's interest in digital assets. Authorities said the amount was transferred through multiple crypto wallets before the scheme unraveled. The police have opened a case under the cyber‑crime provisions and are probing the network of accounts used in the fraud. Further details about the investigation will be released as they become available.
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