Hyderabad: The Cyber Crime Police in Hyderabad arrested three people for allegedly robbing cryptocurrency worth Rs 19 crore (USDT 21,04,089) from a 44-year-old trader via a fake KYC verification website.
According to the trader’s complaint, he was approached by accused Sushim Shripati Gaikwad from Pune and Srikanth from Hyderabad, who expressed interest in buying United States Dollar Tether (USDT). They told him his TRON wallet should be KYC (Know Your Customer) verified.
Believing them, the trader clicked on trontag.org, provided by the scammers, filled his details and connected his TRON wallet.
As soon as he did that, his entire cryptocurrency balance, USDT 21,04,089 (Rs 19,10,54,437), was transferred into Gaikwad and Srikanth’s TRON wallet without the trader’s knowledge.
Police registered a complaint under sections 66-C and 66-D of the IT Act and relevant provisions of the Bharatiya Nyaya Sanhita (BNS).
Along with Gaikwad and Srikanth, police also arrested Lucky Choudhary from Jaipur, who is believed to have designed the website. Police said the trio have cheated several victims across the country.
Four mobile phones and two laptops were seized from the accused.
