The post Hyderabad Police Arrest Suspects in Alleged Investment Fraud Tied to Crypto Sector appeared on BitcoinEthereumNews.com.

Hyderabad cybercrime police arrested two suspects in a crypto investment scam that defrauded a resident of Rs. 12.3 lakh. The fraudsters posed as investment advisors under fake firms like Flames Alliance, using manipulated platforms to lure victims with promises of high returns. Arrests in Navi Mumbai: Two men from Vash, Navi Mumbai, identified as Ravi Kumar Lal and Shivendra Ashok Singh, were nabbed for running the scam. Victim targeted via WhatsApp with unsolicited messages promising stock and crypto gains. Scam linked to broader crypto fraud trends, with police noting lax digital asset regulations enabling such crimes; over Rs. 26 lakh stolen in similar cases this year. Discover how Hyderabad police cracked a major crypto investment scam arresting suspects who stole Rs. 12.3 lakh. Learn scam tactics and tips to avoid fraud in volatile crypto markets—stay vigilant and invest wisely today. What is the Hyderabad Crypto Investment Scam Case? The Hyderabad crypto investment scam involves a fraudulent scheme where scammers impersonated financial advisors to deceive victims into transferring funds via fake platforms. In this case, a 53-year-old Hyderabad resident lost Rs. 12.3 lakh between August 13 and 28 after being lured by promises of exceptional returns on what was presented as a secure investment portal. The Cyber Crime Police of Hyderabad acted swiftly on the victim’s complaint, leading to the arrests of key suspects operating from Navi Mumbai. How Did the Scammers Operate in This Crypto Fraud? The perpetrators used a well-orchestrated approach common in crypto investment frauds, starting with unsolicited WhatsApp messages posing as stock and crypto market experts. They introduced victims to bogus platforms like those under Flames Alliance and Munoth Capital Investment Limited, displaying fabricated profit dashboards to build trust. Once hooked, victims transferred funds to mule accounts, with small initial withdrawals allowed to simulate legitimacy. Supporting data…

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Filed under: News - @ November 30, 2025 1:18 pm