Police have arrested Vinod from Baghpat and Vinay from Lucknow, alleged masterminds behind a cryptocurrency fraud worth Rs 100 crore. The duo reportedly duped thousands of investors across Uttar Pradesh, Haryana, Himachal Pradesh, and Uttarakhand.
According to Additional Deputy Commissioner of Police Aditya, the accused created a fake cryptocurrency website and organized seminars at prominent hotels between 2019 and 2021, luring people with promises of high returns. In Agra alone, around 1,500 investors fell victim to their scheme.
Investigations reveal that Vinod and Vinay misappropriated funds totaling nearly Rs 100 crore. Vinod has multiple prior cases registered against him. One of their accomplices, Ajay, has already been sent to jail by the Agra police, while several others remain at large. Authorities are actively pursuing the remaining suspects.
The police continue to probe the network and track the flow of funds to recover the misappropriated amount.
