Archive · 24 May 2025
Three More Arrested in Varanasi Cryptocurrency Scam, Rs 16.5 Crore Fraud
In Varanasi, India, police arrested three more people involved in a cryptocurrency scam.
These individuals created a fake cryptocurrency called BSG and fake websites to trick people into investing money.
They used multi-level marketing to attract investors by promising bonuses and profits.
Once they had received large sums, they removed their coin from the exchange and disappeared with the investments.
The police have now arrested a total of seven people, with the hunt for an eighth suspect still ongoing.
Three more individuals, including the mastermind, were arrested in Varanasi.
The arrests relate to a Rs 16.5 crore cryptocurrency scam.
They created fake websites and a cryptocurrency named BSG.
Investors were lured through multi-level marketing.
Police have arrested 7 people so far, and the search for the 8th accused is ongoing.
- Who
- Police arrested Rajkumar Maurya, Arjun Sharma, and Danish Khan
- What
- Three more individuals were arrested for a 16.5 crore cryptocurrency scam
- When
- Thursday, arrests were made
- Where
- Varanasi, India
- Why
- They created fake websites and a cryptocurrency to lure investors and stole their money
- Amount Defrauded
- Rs 16.5 crore
- Number Arrested
- 3
- Total Arrests
- 7
- Fake Cryptocurrency
- BSG
- Fake Websites
- busdglobal.com and www.mbsgworld.com
