Crypto Fraud: MBBS Student Linked to Rs.8 Lakh Scam

A 23-year-old MBBS student in India was arrested. He was converting money to cryptocurrency and transferring it to a Chinese gang. A software engineer filed a complaint against the culprit with Indore police, India, after losing 1.35 lakh due to cyber fraud.

The police began an investigation and caught an accused named Vikrim Vishnoi. He is an MBBS student at the Government College in Maharashtra. He is originally from Jodhpur in Rajasthan. He was arrested for allegedly laundering ₹8 lakh using cryptocurrencies.

The police officer said, He was from Jodhpur, Rajasthan, and was part of a Telegram group that connected him with five Chinese nationals. Vishnoi provided bank accounts to the gang on a commission basis and converted the fraudulent money into cryptocurrency, sending it to the Chinese gang's crypto wallet.

He interacted with the Chinese gang members via a chatbot that provided mutual translation between English and Chinese. Deputy Commissioner of Police claimed that Vishnoi used the cryptocurrency exchange Binance to complete the transactions. He turned the cash into bitcoin and transferred it to a wallet owned by a Chinese man going by the nickname “TLX.”

Police are further investigating every aspect of the Chinese gang's operations in India.