Finally, the Indian police came to the rescue of a crypto fraud victim. The police reportedly reduced the amount by $3000 for the victim.
The person misunderstood a fake crypto investment scam. This is the first time the cybercrime department has successfully recovered and refunded a crypto fraud victim.
The reports suggest that recovery would have been impossible without international cooperation and quick legal intervention. However, tracing, freezing, and recovering the wallet was the best chance.
According to the police report copy, the case was registered on February 2nd, 2024. However, the victim was also quick to react. When the scam happened, the victim took no time to alert the police.
According to the police’s cyber department, the quick complaint filing was one reason recovery was possible.
# The Indian Police Setting Records
The investigation flew off as soon as the police got the complaint. As the inquiry started quickly, the scammers could not delete the digital trails of the crypto transactions.
That might increase your internet access and help determine how much was lost.
Incidentally, the police were lured into giving up the case.
However, the massive investment of 24,275 USDT was revealed. The investment is equivalent to INR 20.39 lakhs.
# The Scamming Pattern
Like every other classic scam, scammers promised heavy returns on every penny they invested. However, the victim couldn’t follow up on a basic task that the scammers had made him do. The police records say that the payments were spread across multiple wallets.
It is likely fake whenever a crypto broker lacks an integral payment recipient!
# The Statutory Warning!
The police warn that more people are using crypto to make more money nowadays. So, the digital asset space is becoming an opportune spot for criminals to try their luck. But you can easily stall them with some simple knowledge.
Firstly, criminals use WhatsApp, Telegram, Facebook, and similar sources to lure potential victims. Some even become friends with victims before introducing them to investments.
So, keep a tab on such actions and never get fooled!
