India arrests 10 for laundering crypto funds for Chinese fraud gang.

Rs 80 lakh transferred through Indian accounts in digital scam.

Two suspects turn witnesses, aiding probe into cross-border crypto fraud.

Indian police have arrested 10 people for helping a Chinese cybercrime gang in a major crypto fraud case. The Cyber Crime team made the arrests in collaboration with the Uttar Pradesh police. They were picked up in various cities such as Raebareli, Lucknow, and Gonda.

Indian Police Uncover $85K Crypto Fraud Linked to China

These people, as the police allege, were employed by a Chinese gang that got involved in online scams. They primarily worked to turn black money into digital currencies. They transferred the funds via a number of bank accounts whereby they used them to purchase the digital coins. Then, they returned the cryptocurrency to the Chinese group and retained some commission on their own.

This was done following a long investigation by the police. The case was transnational and it involved cross-border digital fraud. The agencies were even more cautious when they saw that cyber scams and frauds associated with assets that are digital have increased in India. Due to poor knowledge in the last few months in India, a lot of people have been losing out in fake investment schemes and online tricks regarding crypto currencies.

In addition, the police discovered that or about Rs 75 to 80 lakh (nearly $85,000 to $92,000) was transferred to the Chinese group in India just in the previous two months. These transactions were being done through Indian bank accounts which were run by arrest people. This underlines the role of local agents in playing significant roles in international cyber frauds.

Moreover, the officials showed that the organization was very organized. Members opened up several accounts in different banks. Some did the buying of back of digital currencies. Some dealt with communication with the foreign gang. They all made money out of collecting a cut on any illegal deal they executed.

Crypto Fraud Case Sparks Call for Tougher Cybersecurity Laws

Currently, all ten people are in police custody. However, two among them have signed to assist the authorities. They have become witnesses of the government and would help in the investigation that is still running. The other suspects have been remanded to police custody to await trial on cybercrime and monetary fraud acts.

The case is among the recent incidents in the development, propagation, and sophistication of digital crimes. The use of advanced technology as well as international networks by criminals to conceal their activities has now been used. Owing to this, police departments are also under pressure to go fast and smart.

Finally, the arrests performed by the Uttar Pradesh police reflect the severity of the problem of digital fraud. It also reveals that the foreign gangs are exploiting local criminals as the spearheads of their illegal financial activities. Authorities have gone ahead to indicate that they will pursue such networks and deal firmly with the culprits. With the increasing popularity of digital assets, the danger of misusing them is also growing, and the need for stronger cybersecurity laws and international cooperation is more important than ever.

The post India Arrests 10 in Chinese Crypto Fraud Crackdown appeared first on Live Bitcoin News.

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Filed under: Bitcoin - @ June 22, 2025 6:22 pm