The Economic Offences Wing (EOW) of the State Crime Branch has brought to light an extensive cryptocurrency scam spanning across India, implicating more than 2 lakh individuals and involving deposits exceeding Rs 1,000 crore.
The scam, masterminded by a company named STA Token (Solar Techno Alliance), unfolded as a pyramid-structured Ponzi scheme that cunningly eluded detection from the Reserve Bank of India (RBI).
Despite the absence of formal complaints from the affected investors, the EOW undertook a thorough investigation, unmasking STA Token's illicit operations.
