- Indian authorities detain 11 in connection to a 2017 crypto scam.
- The Police nabbed them five years later.
- Police also seized luxury items from the accused.
A new crypto fraud case has been reported in India adding to the long list of scam cases in the country. According to a report, the Indian police arrested 11 people in connection to a $5.4 million crypto scam that duped 2,000 investors.
Crypto news media Watcher Guru tweeted about the news early this morning.
JUST IN: 11 people in connection with a multimillion dollar #cryptocurrency scam have been arrested in India.— Watcher.Guru (@WatcherGuru)