Five arrested for cheating man of Rs 57 lakh in Cryptocurrency scam

The Delhi Police have arrested five people for allegedly cheating a man of Rs. 57 lakh in the name of a cryptocurrency deal which promised a transaction involving a popular digital currency, but the accused vanished with his money without completing the transfer, police said on Thursday.

As per police, with the arrest of the accused, police successfully recovered the entire Rs. 57 lakh in cash. The arrested individuals have been identified as Praveen Kumar (40), Nitin Sharma (33), and Rakesh Kumar Dutta (46), all from Punjab; Ajay Chaudhary (32) from Noida; and Anmol (23) from Panipat in Haryana. Police also seized an SUV and two scooters used by the gang during the commission of the crime.

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