Archive · 27 Jul 2025
CloudSEK Detects Counterfeit Currency Syndicates on Social Media
A cyber intelligence firm called CloudSEK found fake money rings using Facebook and Instagram to sell counterfeit currency.
These groups are based in Maharashtra, India.
CloudSEK found over 4,500 posts promoting the fake money.
The firm reported the criminals to the police, providing details like phone numbers and locations.
CloudSEK's investigation found that the fake currency network was able to spread roughly 17.5 crore worth of fake money in only six months.
CloudSEK detected counterfeit currency syndicates operating on social media.
The syndicates are based in Maharashtra, India.
Over 4,500 posts promoting fake currency were found.
The investigation estimated Rs 17.5 crore of fake currency in six months.
CloudSEK reported the syndicate to law enforcement with details and digital evidence.
- Who
- CloudSEK, a cyber intelligence firm, detected the syndicates.
- What
- Counterfeit currency syndicates operating via social media were detected.
- When
- In the past six months.
- Where
- Maharashtra, India.
- Why
- To combat financial crimes and protect financial stability.
- Firm
- CloudSEK
- Location of Syndicates
- Maharashtra
- Platforms Used
- Facebook, Instagram
- Posts Found
- Over 4,500 promoting counterfeit currency
- Estimated Fake Currency
- Rs 17.5 crore in six months
