July 5, 2026

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India: Police Bust Bitcoin Ponzi Scheme that Defrauded 8,000 Crypto Investors

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India: Police Bust bitcoin Ponzi Scheme that Defrauded 8,000 Crypto Investors

Police in India have cracked a crypto Ponzi scheme in the city of Pune that defrauded over 8,000 investors, seizing nearly $2 million worth of bitcoin in the process. According to a news report from The Times of India, police have been on the trail of the scammers since January and have now arrested the

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