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    Home»Cryptocurrency»Cryptocurrency Scam Unveiled: Six Arrested in Delhi Fraught with Deception
    Cryptocurrency

    Cryptocurrency Scam Unveiled: Six Arrested in Delhi Fraught with Deception

    June 17, 20251 Min Read


    Delhi Police have apprehended six individuals, including the mastermind of a sophisticated cryptocurrency scam that defrauded a man of Rs 10 lakh. The accused created a fictitious crypto trading platform, exploiting social media to lure victims with assurances of high returns.

    The chief perpetrator, Himanshu Baisoya, a BCA graduate from Kotla Mubarakpur, operated several fraudulent bank accounts, converted cash to cryptocurrency, and manipulated victims into believing they were profiting through fabricated dashboards. The scam unravelled when a victim reported the fraud to the South cyber police station.

    Police investigations led to the arrests of accomplices across states; their scheme involved procuring bank accounts and SIM cards under false identities. A coordinated effort by police uncovered that encrypted messaging apps were used to protect the syndicate’s anonymity, and the case remains under investigation for further suspects and victims.



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