CBI officials arrested a man in a crypto fraud case and recovered cash worth approximately Rs 1 crore. The accused was produced before the Designated Court, Delhi, on Thursday was remanded to police custody till July 29.
Authorities had registered a case on May 11 against two Delhi residents and other unknown people for allegedly impersonating as Canadian government officials and carrying out fraudulent activities.
Targeted unsuspecting foreigners
Their modus operandi involved providing fake technical support consultation to unsuspecting foreign victims and coercing them into transferring cryptocurrency funds. The ill-gotten cryptocurrency assets were subsequently routed through multiple crypto wallets (Bitcoins), ultimately ending up in the perpetrators' own crypto accounts.
The arrested man has been identified as Sahil Pal.
FPJ Cyber Secure |
