India, Dec. 8 -- Delhi Police's Cyber Cell has dismantled a major cybercrime syndicate operating across multiple states and allegedly linked to Chinese-controlled financial networks. The crackdown began after a 61-year-old man was duped of Rs 33.1 lakh in an online investment scam, leading investigators to a network of fake firms, shell accounts, and a crypto laundering chain involving United States Dollar Tether (USDT) transactions.
Deputy Commissioner of Police (Cyber Cell) Aditya Gautam said the case revealed a sophisticated financial structure designed to move Indian victims' money through several layers before routing it into cryptocurrency. He said the arrests mark a major breakthrough in disrupting syndicates that use shell companie...