12 held for robbing man of Rs 17 lakh in fake crypto deal in Bengaluru

Key Topics in this News Article:
News Snapshot:

BENGALURU: Sanjaynagar police have arrested 12 people for allegedly robbing a man of Rs 17.64 lakh after luring him with the promise of converting the money into USDT cryptocurrency. According to police, the complainant, a resident of Devinagar in Kodigehalli, was planning to open a café on the Sira Highway and was searching online for kitchen tiles, cutlery and other equipment. A friend reportedly informed him that such items could be purchased at lower prices from Japan and China through cryptocurrency payments. The complainant then learned about cryptocurrency trading from the same friend and joined a WhatsApp group related to…

  • This field is for validation purposes and should be left unchanged.
  • Newsletter to Your Inbox

    China intelligence delivered each week!

  • This field is hidden when viewing the form