The Jaipur Cyber Police have arrested two fraudsters, Murari Lal Saini and Ravi Kumar Meena, and recovered nearly the entire amount lost by a victim in a cryptocurrency scam, officials said on Saturday.
The victim had been cheated of about 10,000 USDT (valued at approximately Rs 9 lakh) while trading on Binance, a global crypto platform. The accused gained his trust by posing as legitimate crypto traders and conducting a small test transaction of 3 USDT.
Once trust was established, the fraudsters persuaded the victim to transfer his crypto holdings into private Trust Wallets controlled by them. Immediately after the transfer, the funds were siphoned off, leaving the victim locked out of his assets.
A swift and intensive technical investigation by Jaipur cyber teams traced the digital wallets and recovered 9,991 USDT (Rs 8.96 lakh) from the accused. Although several devices had been destroyed and the accused initially denied access, cyber experts successfully retrieved the digital access codes, enabling near-complete recovery.
Officials said this is one of the first cases in Jaipur where recovered cryptocurrency will be returned to the victim after court approval, rather than being frozen as evidence for years. Police highlighted that the arrests, conducted within two days, showcase the growing capability of city cyber teams in tackling complex cryptocurrency-related crimes.
