Bogus crypto platforms dragging youth into cybercrime, warn Kerala cops
According to officers, money stolen in cyber fraud operations is transferred to the bank accounts of individuals who’ve been lured into the crypto schemes.
“These individuals are paid a small cut to let the money pass through their accounts. In some cases, the money is withdrawn and handed over to agents who then convert it into cryptocurrency before sending it overseas,” the officer said.
Authorities noted that while some youth may not fully grasp the illegality of their actions, many do. “When lakhs are deposited into someone’s account, it’s hard to believe they don’t question where the money has come from. Sadly, many choose to ignore the red flags because of the promise of easy money. These youngsters fall for the trap…
