• Telangana “cyber slavery” racket: Indian job seekers were lured by fraudulent online job offers and forced into exploitative crypto scam operations linked to Chinese operators and Indian intermediaries co‑ordinating illicit fund movements via crypto platforms .

 • **“Pig‑butchering” marketplace**: The Wall Street Journal details how trust-building frauds netted huge sums—one case saw a North Carolinian victim lose $3.4 million—through Cambodian-based Huione, which allegedly laundered over $28 billion of scam funds .

Takeaway: As crypto gains popularity, scams are scaling across borders—heightened awareness, stronger KYC measures, and law enforcement cooperation are urgent.

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