Andhra Pradesh CID Busts ?15 Crore Global Crypto Fraud, Recovers Victim’s Funds

The Andhra Pradesh Crime Investigation Department (CID) has successfully dismantled a major international cryptocurrency investment fraud, recovering approximately ?15 crore ($1.5 million) for a victim. This significant breakthrough highlights the growing threat of sophisticated cybercrime. The case originated in Mangalagiri after a Tenali resident was lured into a crypto scheme promising high returns, ultimately losing a substantial sum. Investigators uncovered an organized international syndicate that funneled the illicit gains through multiple cryptocurrency wallets and platforms, including Robinhood and various on-chain wallets, to obscure the money’s origin. The victim had transferred Bitcoin, Solana, and Dogecoin to fraudulent platforms like Honeycombapi.org and…