CoinDesi

BREAKING: MJP Rohilkhand University, Bareilly has moved 7M+ educational award records on-chain using @Polygon

🚨 Is Digital Gold really safe? 💰

Apps like Paytm, PhonePe & Groww sell unregulated gold — no SEBI/RBI protection.

- No legal claim if platform fails
-Counterparty + storage risks
-3–6% spread & extra fees

Looks shiny, but is it just digital glitter? 🤔
#DigitalGold #InvestSmart

🚨 ₹317 Crore Cyber Fraud Racket Busted in Bengal

A major cyber scam linked to industrialist Pawan Ruia has been uncovered by Bengal Police, marking one of India’s largest and most sophisticated financial frauds in recent years.

Source: The Indian Express

🔹 The investigation began after a 2024 cheating case led authorities to uncover a vast network of shell companies and fake transactions.

🔹 The racket is estimated at ₹317 crore, involving over 17,000 victims across India.

🔹 Police raids on multiple properties linked to Ruia revealed forged documents, dummy firms, and complex online payment routes used to launder money.

🔹 Investigators say the operation used advanced cyber tools to conceal money trails and evade detection.

🔹 The probe also suggests international connections, with funds possibly routed through overseas shell entities.

🔹 Officials believe ₹317 crore may just be the tip of the iceberg, as more names and companies could emerge as the investigation deepens.


Authorities are calling it one of the most organized financial frauds in recent memory, highlighting how technology and corporate loopholes can combine to create large scale digital crimes.


💬 This case serves as a strong reminder for businesses to strengthen their KYC, digital transaction monitoring, and cybersecurity frameworks to prevent such misuse.


⚠️ ₹317 crore siphoned. 17,000 plus victims. One massive web of shell firms and digital deception.


Will this probe uncover more influential names in the coming weeks 👀

🚨 Major Dates to Watch This Week

🚨 #Crypto Scam Rocks Surat!

A diamond broker loses ₹44 lakh in a fake crypto investment scheme run by trusted acquaintances.
Source: Times of India 🧵

1️⃣ A 54-year-old diamond broker from Varachha, Surat, named Balu Shiyora, has filed a police complaint after being cheated in a cryptocurrency scam.

2️⃣ The accused, Chetan Nakum and his cousin Madhur Katariya, claimed they were running a crypto investment company called Enjoy Overseas, based in Yogi Chowk.

3️⃣ Shiyora had known Chetan’s father, Dalpat Nakum, for more than 40 years. In 2022, Dalpat introduced him to his son and nephew, saying they had launched a new crypto business.

4️⃣ Between 2022 and April 2023, Shiyora invested ₹44 lakh through cash and online transactions after being promised very high returns.

5️⃣ When the time came for returns, the accused began delaying payments with repeated excuses and no clear updates.

6️⃣ Later, Madhur Katariya fled to Dubai, assuring the victim that the money would be sent from there, while Chetan gave him a promissory note as fake reassurance.

7️⃣ When Shiyora demanded his money back, Chetan refused repayment and even threatened him, forcing the victim to approach the police.


8️⃣ A complaint was registered at Varachha Police Station, and police are now investigating the fraudulent crypto network and possible international links.

💡 Lesson:

Even trusted people can misuse your confidence.

Always verify any crypto business before investing.

Promises of “guaranteed profits” remain the biggest red flag 🚩

🚨 Punjab Crypto Scam Twist!

The man accused in Punjab CM’s fake video case, Jagman Samra, is now also facing cryptocurrency fraud charges. 😳

1/ Ludhiana police have booked Jagman Samra, his father, and others for allegedly running a ₹5 crore fake crypto investment scam.
They reportedly lured victims with promises of “high returns” using a platform called LQG. 💰

2/ The FIR was lodged by the Cyber Police Station Ludhiana on Oct 24 after a local businessman alleged being cheated.
Police say Samra and team used social media promotions and fake profit screenshots to attract investors. ⚠️

3/ Co-accused include:
• Parmil Singh
• Gurmeet Singh
• Balbir Singh
• Karthik Nair (Chartered Accountant)
All now face charges under Section 420 (cheating) and IT Act provisions for cyber fraud. ⚖️

4/ The group allegedly raised over ₹5 crore, spent lavishly, and transferred money abroad using crypto wallets and shell accounts. 🌍

5/ Police also found doctored profit statements and fake trading dashboards used to build trust with victims.

6/ Investigators suspect the scam had links to international fraud networks operating crypto Ponzi models. 🌐

7/ Meanwhile, Samra is already under investigation in another case, for allegedly circulating a morphed video of Punjab CM Bhagwant Mann.
Now, crypto fraud charges add a fresh twist to his troubles. ⚠️
8/ Police have frozen multiple bank accounts and seized digital evidence.
More arrests likely as the cybercrime probe deepens. 🔍
💬 What’s your take — is crypto fraud becoming India’s new cybercrime wave?
#CryptoScam #PunjabNews #CyberCrime #CryptoFraud

🚨 BREAKING (via Times of India): Kolkata businessman loses ₹1 CRORE in a crypto scam after being “wooed” by a woman on a matrimonial site

A love story that turned into a crypto horror ⤵️
1️⃣ The 30-year-old met a woman named Dakshita on a wedding portal.
Sweet conversations turned into trust, and then came the bait: a “profitable crypto opportunity”
2️⃣ Over 2 months, he transferred nearly ₹1 crore into multiple accounts linked to a fake platform called Bakstation
3️⃣ When he tried to withdraw his “profits,” he was told to pay capital gain charges.
That’s when the truth hit, it was a scam
4️⃣ The woman vanished. Messages went unanswered.
Cops say the operation is part of a larger international crypto scam using matrimonial & trading apps to target victims