$200K cross-border crypto scam busted: Binance aids Ahmedabad Police in major crackdown
A major cross-border crypto scam involving over $200,000 (approximately Rs 1.75 crore) has been uncovered by the Ahmedabad Cyber Crime Branch with the assistance of global blockchain platform Binance. The scam, part of a rising wave of “digital arrest” frauds, spanned multiple countries in South and Southeast Asia and targeted vulnerable individuals using fake legal threats and crypto laundering tactics.
One of the most shocking cases involved a 90-year-old man from Gujarat who was manipulated into transferring Rs 1.25 crore after being falsely accused of legal violations.
In another incident, a young Indian jobseeker was lured to Nepal under the guise of employment, held captive, and forced to launder nearly Rs 49 lakh through…
