Six Arrested in ₹100 Crore Bitcoin Scam in India
Ahmedabad’s Crime Branch arrested six suspects this month in two separate cybercrime investigations: a cryptocurrency fraud reportedly approaching ₹100 crore (about $11 million) and a parallel racket that swapped genuine e-commerce deliveries for counterfeit goods. Authorities say the crypto case centers on deceptive investment schemes tied to digital-asset transactions, with Bitcoin (BTC) mentioned in reporting; investigations and asset-tracing efforts are ongoing. The arrests follow forensic analysis and customer complaints that prompted coordinated raids.
The crackdown comes amid rising cyber fraud figures nationally and highlights growing enforcement focus on crypto-related crimes in India. For users and investors, the case underscores persistent risks around unverified platforms and high-return promises, and it may accelerate regulatory scrutiny and tighter compliance checks. Police say further arrests and asset recovery updates are possible as investigations proceed.