Breaking 🚨: $120 Million cryptocurrency fraud BUSTED!

Odisha police of India busted a big multimedia, Ponzi scam related to cryptocurrency worth $120 million (₹1,000 crore) and arrested the prime accused in the case. The police arrested the head of STA Crypto Token, namely Gurtej Sigh Sidu, from Sri Ganganagar, Rajasthan, and its Odisha unit Nirod Das, Inspector-General of Police told ANI.

In the scam, victims from different states including Delhi, Jharkhand, Rajasthan, etc were told to invest in STA #Crypto Token. From Odisha, more than 10,000 people lost their #money in the scam.

Fraudsters are used to encourage more and more people to invest in crypto #coins and gather the currency in large numbers. Moreover, victims were also encouraged to include more people in the group, said JN Pankaj, IG EOW.