From Deccan Chronicle
Center Owned by Deccan Chronicle HoldingsAP CID Cracks Rs 15-Cr Crypto Fraud; Court Orders Return Of Assets
What's behind this
Investigators of the Andhra Pradesh CID uncovered a transnational crypto fraud involving 27 transactions in Bitcoin, Solana and Dogecoin, valued at roughly $1.5 million, and linked to a cryptocurrency exchange in the Cayman Islands. A Tenali‑based woman had transferred cryptocurrency worth ₹15 crore expecting higher returns, which was routed through the exchange. The CID court has ordered the return of the full ₹15 crore to the woman.
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left · 1 outlet
A Tenali-based woman of Tenali transferred cryptocurrency worth Rs.15 crore expecting higher returns, which was routed to cryptocurrency exchange of Cayman Islands, said CID DGP Ravi Shankar Ayyanar
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center · 1 outlet
Investigators identified 27 transactions involving Bitcoin, Solana and Dogecoin, worth around $1.5 million
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Investigators identified 27 transactions involving Bitcoin, Solana and Dogecoin, worth around $1.5 million
