{"id":48469,"date":"2025-03-03T14:41:13","date_gmt":"2025-03-03T14:41:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/india-cracks-down-on-rsn-crypto-scam-arrests-three-suspects\/"},"modified":"2025-03-03T14:41:13","modified_gmt":"2025-03-03T14:41:13","slug":"india-cracks-down-on-rsn-crypto-scam-arrests-three-suspects","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/india-cracks-down-on-rsn-crypto-scam-arrests-three-suspects\/","title":{"rendered":"India Cracks Down on RSN Crypto Scam, Arrests Three Suspects"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Indian authorities have arrested three individuals in connection with the RSN Crypto scam, a fraudulent investment scheme that tricked over 2,000 victims with false promises of high returns. Law enforcement in Assam uncovered the scam, which reportedly amassed between \u20b910-20 crore ($1.14-2.29 million) by deceiving investors through a fake online platform.<\/p>\n

Scammers promoted RSN Crypto tokens as a high-yield investment, guaranteeing a 2% daily return. However, investigators found that the collected funds were quickly converted into USDT using exchanges like Binance. The Indian Cyber Crime Coordination Centre (I4C) played a key role in tracing the fraudulent operation, discovering that the website was hosted on an Amazon server and had potential links to China.<\/p>\n

Authorities arrested three suspects who admitted to manipulating crypto values and coercing investors. Meanwhile, the alleged mastermind remains at large.<\/p>\n

Growing Crypto Scams in India<\/strong><\/h2>\n

India has seen a surge in crypto-related fraud, with Chinese-backed scams increasingly targeting investors. These schemes often follow a similar pattern, exploiting the growing interest in digital assets.<\/p>\n

Earlier this year, authorities exposed the Datameer crypto scam, which defrauded at least 700 investors out of \u20b910 million ($114,000). Additionally, in 2023, the Enforcement Directorate charged 299 Chinese-linked entities for operating the HPZ Token crypto mining scam.<\/p>\n

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As crypto trading volumes in India approach $2 billion, smaller investors are turning to digital assets for income opportunities. Experts predict that India\u2019s crypto market could exceed $15 billion by 2035, making it a prime target for fraudsters. Authorities continue to monitor the industry, cracking down on illicit activities while balancing growing public interest in cryptocurrency.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Indian authorities have arrested three individuals in connection with the RSN Crypto scam, a fraudulent investment scheme that tricked over 2,000 victims with false promises of high returns. Law enforcement in Assam uncovered the scam, which reportedly amassed between \u20b910-20 crore ($1.14-2.29 million) by deceiving investors […]<\/p>\n","protected":false},"author":34,"featured_media":48470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48469"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=48469"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/48470"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=48469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=48469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=48469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}