Two from AP arrested in Rs 10-cr crypto investment fraud

ADILABAD: Adilabad police have arrested two men from Andhra Pradesh in connection with an alleged cryptocurrency investment fraud involving more than Rs 10 crore and around 500 victims from Telangana, Andhra Pradesh and other regions.

Adilabad Superintendent of Police Akhil Mahajan said three victims from the district had invested Rs 21 lakh. Cases had been registered against six persons, and properties belonging to the accused had been seized, he said. According to the police, the accused operated a website, cticlub.org, to attract investors to a scheme promoted as ITC Global Cryptocurrency.