Archive · 13 Dec 2025
Mastermind of Rs 50 crore cryptocurrency fraud arrested in UP
A man named Ajay was arrested for running a fake cryptocurrency investment scheme.
He and his team created a fake website that looked like real crypto trading platforms.
They held fancy meetings in hotels to show people how much money they could make.
Many people believed them and invested their money, thinking it was growing.
But it was all a trick, and the gang took Rs 50 crore from over 1,500 people.
Ajay has been caught, but six of his friends are still missing.
The police are trying to find them.
Ajay was arrested for running a Rs 50 crore cryptocurrency investment scam.
Over 1,500 people from Uttar Pradesh, Uttarakhand, and Delhi were duped.
Ajay created a fake website resembling legitimate crypto trading platforms.
The gang organized seminars in high-end hotels to showcase inflated returns.
Six of Ajay's associates are still absconding, and police teams are formed to trace them.
- Who
- Ajay and his associates
- What
- Cryptocurrency investment fraud
- When
- Arrested on December 12, 2023
- Where
- Agra, Uttar Pradesh
- Why
- To lure investors with promises of high returns
- Accused Name
- Ajay
- Amount Scammed
- Rs 50 crore
- Number of Victims
- Over 1,500
- States Affected
- Uttar Pradesh, Uttarakhand, Delhi
- Associates Absconding
- 6
