Crypto Fraud Alert: ₹54 Lakh Scheme Busted in Gujarat
Alert from Surat: 3 agents were arrested in Gujarat for running a crypto investment fraud. They claimed they'd triple investments in coins like PLC Ultima, Aura, BDLT — but didn’t deliver.
The scheme used ads + large promotional events to gain trust before disappearing.
Lessons & red flags:
High promises of “guaranteed returns” = big red flag
Lack of transparency (no blockchain proof, no verifiable contracts)
Use of push marketing / big events to attract mass victims
👉 Have you ever seen or heard of such frauds? What was the hardest red flag to spot?