Massive Crypto Scam Busted: Chinese Court Jails Fraud Ring for Targeting Over 66,000 Indian Investors
In one of the most significant crypto-related busts between India and China, a Chinese court has handed down prison sentences of up to 14 years to a group of fraudsters who orchestrated a massive cross-border scam.
The Setup: Fake Love, Fake Apps, Real Losses
Authorities say the criminal ring used elaborate fake identities and romance tactics to lure unsuspecting Indian victims into a fraudulent investment scheme. The scammers built a phony crypto trading platform that appeared legitimate — until it wasn’t.
Once trust was established, victims were encouraged to pour in money. By the time the operation was exposed, more than 66,000 Indians had been duped, with total losses crossing $6 million.
A Growing Threat
Officials are calling this one of the largest India-China crypto fraud cases ever uncovered, and they’re warning it might only be the tip of the iceberg. Similar scams could still be operating undetected, exploiting the rapid rise of crypto interest and online dating.
The Takeaway
This case is a harsh reminder: if it seems too good to be true — it probably is. As crypto adoption grows, so do the risks. Stay alert, verify apps, and don’t trust strangers with your wallet (or your heart).
#CryptoScamAlert #IndiaChinaFraud #RomanceScam #CryptoSafety #ScamAwareness
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