According to Business Today, an Indian guy living in Ahmedabad named Amavat Shaishav is charged with carrying out a large-scale bitcoin fraud in which he allegedly stole over $930,000 from a US resident.
From the offender, the Central Bureau of Investigation (CBI) of India confiscated bitcoin valued at over $930,000.
account hacking on Amazon
Shaishav emailed the victim and identified himself as “James Carlson” from Amazon’s fraud division. He informed him that the online retailer had to move his bitcoin to a safe wallet since his Amazon account had been compromised.
Indian Man Scams US Citizen of Nearly $1M in Crypto Fraud,Indian Man Scams US Citizen of Nearly $1M in Crypto Fraud
The victim reportedly sent 77 USDT, 55 Ethereum, 25,572 Ripple, and 28 Bitcoin to the “secure wallet,” which was actually Shaishav’s. The CBI said that the assets quickly vanished.
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Traced IP address, house looked through
By tracking his IP address, the offender was located. After searching his house, the CBI found the stolen goods. A representative for the CBI was cited as saying:
Additionally, it was claimed that the accused tricked the victim into taking money out of his bank accounts and depositing it in Bitcoin via the RockitCoin ATM Wallet. The accused also allegedly gave the victim a fake QR code, claiming that the US Treasury had created the account on his behalf.
To win the victim’s trust, the alleged offender sent him an email purporting to be a letter from the US Federal Trade Commission. Authorities said that on various days between August 30 and September 9 of last year, the victim took $130,000 out of his bank accounts and transferred the money to the accused’s Bitcoin address. The money was embezzled by the defendant.
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Complications found
In addition to seizing Bitcoin, Ethereum, Ripple, USDT, and other cryptocurrency, the police also found materials that might implicate collaborators. Two of these individuals, who also reside in Ahmedabad, were identified.
Their houses were also searched by the CBI, who also seized additional digital gadgets like computers and cell phones that had proof of their guilt.
Indian Man Scams US Citizen of Nearly $1M in Crypto Fraud,Indian Man Scams US Citizen of Nearly $1M in Crypto Fraud,Indian Man Scams US Citizen of Nearly $1M in Crypto Fraud, Crypto news, Crypto Fraud News