TIMES OF INDIA · 2026-10-30 18:56 UTC

22 investors lose ₹14.7 crore in crypto fraud; 23 booked

Police in Pune registered an FIR against 23 individuals for operating a cryptocurrency investment scam that defrauded at least 22 people of ₹14.7 crore, with potentially 750 people affected across India. The platform promised guaranteed returns of 6-50% monthly, collected funds via bank transfers and cash between December 2024 and February 2025, then froze withdrawals after ED investigation. Investors reported no portfolio transparency, repeated platform name changes, and promoters requesting additional investments while assuring full repayment by March 2026, which never materialized.

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