27.07.2025 06:38

Delhi police have successfully dismantled a sophisticated cryptocurrency-based job scam syndicate, arresting five individuals, including the ringleader, nicknamed the "Crypto Queen." This multi-crore rupee operation preyed on unsuspecting job seekers, promising lucrative work-from-home opportunities that proved to be elaborate frauds.

The scam, masterminded by Nidhi Agarwal (alias Crypto Queen), Krish, Deepa, Gaurav, and Manthan, utilized Telegram for communication and coordination, exploiting UPI (Unified Payments Interface) for fraudulent transactions, and laundering the proceeds through various cryptocurrency platforms, primarily using USDT Tether. One victim alone suffered a loss exceeding 17 lakh rupees.

Investigators meticulously traced the illicit funds through a complex network of bank accounts and ultimately into digital cryptocurrency holdings. The syndicate's methods involved not only direct theft but also the fraudulent acquisition of personal loans. Police reported that the criminals secured an 8.8 lakh rupee loan using the stolen credentials of a single victim, significantly compounding the financial damage.

The investigation uncovered a wide-ranging money-laundering operation, involving numerous "mule" accounts used to channel stolen funds. These funds were then converted into USDT, with the syndicate using encrypted messaging apps like Telegram and WhatsApp to maintain secrecy and evade detection. Krish played a crucial role in managing the flow of stolen money, relaying bank details to cryptocurrency buyers via Telegram, while Deepa actively recruited individuals willing to facilitate these transactions. The police investigation highlights the intricate nature of the operation and the sophisticated methods employed by the syndicate to conceal their illicit activities.