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Five Held In Himachal Pradesh's $25 Mln Crypto Scam

source-logo  coingape.com 03 October 2023 17:40, UTC

In a shocking revelation, a crypto scam that operated for five years in Himachal Pradesh has left thousands of investors in despair, with over Rs 200 crore ($25 million) allegedly swindled. Fraudsters enticed victims with promises of quick riches through investments in KRO and DGT coins, employing a Ponzi-style scheme that eventually unraveled. While arrests have been made, the mastermind behind this elaborate crypto con remains at large, leaving authorities to grapple with the complexities of unraveling this intricate web of deceit.