šØ Massive ā¹2,500 Crore Crypto Scam Unravels in India
In the wake of startling revelations, the crypto world is shaken as a colossal scam surfaces in the serene hills of Himachal Pradesh, India.
The Plot of 'Korvio Coin' šµļøāāļø
A staggering ā¹2,500-crore (approx. USD 333 million) scam has been unearthed by the Special Investigation Team (SIT) of Himachal Pradesh, casting a shadow on the digital currency landscape. At the center of this scandal is the elusive 'Korvio Coin', a fictitious cryptocurrency that ensnared unsuspecting investors, including government employees, seeking fortune in the digital gold rush.
The Allure and the Prey š£
Promising bountiful returns, the schemers lured individuals flush with compensation from infrastructure projects. With the carrot of costly foreign jaunts, agents who excelled in ensnaring investors enjoyed the high life, unsuspecting of the looming crackdown.
The Underbelly Exposed š
The law's long arm has caught up with 18 perpetrators, including a few wily police officials who sought early retirement after their windfall. But the puppeteer of this grand charade, a shadowy figure named Subash, is still beyond the clutches of justice.
The Vigilant Response š”ļø
The Himachal Pradesh Police are now tightening the noose, with inter-agency collaboration and the stringent BUDS Act, 2019, promising a decade behind bars for these digital bandits.
š Stay updated with us as we follow the unraveling of this digital deceit and bring to light the importance of vigilance in the volatile realm of cryptocurrencies.
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