🚨 Breaking News from New Delhi — A woman infamously dubbed as India’s "Crypto Queen" has been arrested by the Delhi Police for masterminding a ₹17 lakh online job scam that was later funneled through cryptocurrency channels using USDT (Tether).
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🧩 The WFH Scam That Led to Crypto
The case began with a seemingly harmless online "work from home" offer. Victims were promised easy commissions in exchange for completing digital tasks. But once onboarded, they were manipulated into transferring money via UPI under the guise of ‘security deposits’ or ‘advanced clearances’.
One victim alone reported losses of over ₹17.29 lakh, triggering a cybercrime investigation.
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👮♂️ Who Is the ‘Crypto Queen’?
The woman, identified as Nidhi Agarwal, managed the crypto operations behind the scenes. She acted as the primary handler of the stolen money, converting the laundered funds into USDT (a stablecoin) using unregulated over-the-counter (OTC) dealers via Telegram.
She worked alongside 4 associates—Krish, Gaurav, Manthan, and Deepa—who helped her collect funds, onboard victims, and manage fraudulent communications.
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💱 How Crypto Was Used
🔹 Victim’s money was collected via UPI
🔹 Transferred to ‘penny account holders’ (low-KYC bank accounts)
🔹 Converted to USDT via P2P sellers on Telegram
🔹 The USDT was moved across multiple wallets to avoid traceability
Police believe the use of crypto was not random—it was a planned laundering step designed to make tracing nearly impossible.
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📉 Impact on Trust and Regulation
This case is not an attack on crypto—but it shows how bad actors misuse blockchain technology to escape scrutiny. It further underlines the urgent need for stronger crypto regulations and KYC enforcement across decentralized platforms.
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🔎 Legal Action Underway
Delhi Police have registered FIRs under:
IPC Sections for cheating and criminal conspiracy
Information Technology Act for digital fraud
More arrests and wallet recoveries are expected as investigations continue.
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🚀 Final Thoughts
The rise of crypto-linked fraud cases in India points to a widening gap between Web3 adoption and awareness. While blockchain offers transparency, bad actors are quick to exploit weak points in P2P exchanges and regulatory grey areas.
The arrest of Delhi’s ‘Crypto Queen’ is a wake-up call—not just for law enforcement, but also for job seekers and crypto platforms.
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📌 Stay safe. Verify before you trust. And remember—blockchain never lies, but scammers do.
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