CBI busts ₹2.8 crore crypto scam in a significant victory against international financial fraud. The Central Bureau of Investigation (CBI) dismantled a cybercrime gang operating from India, targeting foreign nationals through fake tech support and government impersonation. This high-profile crackdown, carried out on June 11, 2025, is part of the CBI’s tech-driven initiative ‘Chakra-V’ to combat cybercrime.
This latest bust highlights India’s increasing capabilities in tackling complex digital scams. According to official reports, one accused individual has already been arrested, with more suspects under investigation. The operation marks a major step forward in the fight against sophisticated cybercriminals threatening global digital safety.
CBI Busts ₹2.8 Crore Crypto Scam: How the Gang Operated
The gang operated from India and targeted unsuspecting citizens in the United States and Canada. Using fake identities, the scammers posed as government officials and tech support agents from well-known global firms. Their aim was to mislead victims into handing over personal data, financial credentials, and remote access to devices.
The CBI uncovered a variety of tools used in the fraud, including:
- Spoofed international calling systems
- Voice recordings used to trick victims
- Lead generation and personal information databases
- Social engineering techniques and scripts
This proves how dangerous and well-organized cybercriminals have become.
Crypto and Cash Seized Worth ₹3 Crore+
As part of the investigation, the CBI recovered:
- ₹2.8 crore worth of cryptocurrency (Virtual Digital Assets)
- ₹22 lakh in unaccounted Indian cash
The crypto assets were linked to wallets controlled by the arrested suspect. The CBI confirmed that the gang had used these assets to transfer funds across borders, bypassing traditional banking channels. These recoveries were made during searches at three key locations.
CBI Has Tools to Tackle Crypto Crimes in India
This isn’t the first time the CBI has dealt with digital assets, but the scale and speed of this operation were noteworthy. With growing access to blockchain monitoring tools and in-house crypto recovery teams, the CBI busts ₹2.8 crore crypto scam with precision and speed.
According to the agency, their teams are trained to handle crypto-linked frauds under India’s new digital asset regulations. CBI officials are now equipped to freeze, track, and seize virtual currencies and related digital evidence.
This case is an example of how Indian agencies are leveling up their cyber investigation techniques, keeping pace with global threats.
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Why This Bust Matters
The phrase CBI busts ₹2.8 crore crypto scam isn’t just a headline — it’s a warning. This operation sends a strong message to cybercriminals operating from India and abroad: there is no escape from digital law enforcement. As crypto adoption grows globally, regulatory bodies and enforcement agencies must collaborate to prevent fraud, money laundering, and exploitation of innocent people.
The fact that the scam targeted foreign nationals increases diplomatic relevance. Countries like the USA and Canada are likely to take note and may strengthen digital cooperation with Indian agencies.
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