AP Crime Investigation Department busts Rs 15 crore crypto racket

VIJAYAWADA: The AP Crime Investigation Department (CID) has cracked a transnational cryptocurrency investment fraud involving approximately USD 1.5 million (nearly Rs 15 crore), marking the first such breakthrough by the agency in the State.

AP CID chief Ravishankar Ayyanar said the CID team had traced the defrauded cryptocurrency to international exchange accounts, arrested eight accused and secured a court order for the return of the assets to the victim. A case (Cr No. 10/2025) was registered at the CID police station in Mangalagiri following a complaint by a Tenali-based woman who was cheated of `15 crore after being lured into investing in cryptocurrency with promises of high returns.