Kunjathbail Mujib Sayyad collected money from different persons in Shadnagar, Ranga Reddy district and Hyderabad on the pretext of investment in 'Max Crypto Trading’ investment scheme.
The police said cyber fraudsters exploit unsuspecting individuals by converting criminal proceeds – whether from Indian rupees to crypto or vice versa – under the guise of legitimate trading activities.
Cyber fraudsters are finding new ways to avoid being caught by police and more ways of diverting the money received from the victims so that they can safely convert the fraud amount and escape the clutches of law
