Hyderabad, Feb. 21 -- The Cyberabad Cyber Crime Police have busted a Telegram and WhatsApp-based transnational cybercrime network involved in a cryptocurrency investment scam impersonating Morgan Stanley. A case was registered in August 2024 based on a complaint from a 47-year-old software engineer, who lost 55,066 USDT (equivalent to Rs 52,31,270) in the fraudulent scheme.
The police arrested 22-year-old Pathi Manikanta from YSR Kadapa district, Andhra Pradesh, who acted as a crypto and mule account trader and had links with crypto traders, agents, and Chinese nationals. His associates from Haryana are currently absconding, and efforts are underway to track them down.
The victim was contacted via Telegram and WhatsApp from UK-bas...