Bengaluru police arrest 3 in ₹93.58 lakh crypto scam, uncover 507 mule accounts
- —Victim from Peenya transferred ₹93.58 lakh after being lured into a WhatsApp group on April 29, 2026
- —Investigators found 507 mule accounts linked to cybercrime cases in Karnataka, Maharashtra and Delhi
- —About ₹13 lakh moved through a nationalised bank account, over ₹38 lakh through a private current account
- —Funds were routed to a Binance crypto wallet, with IP addresses traced to Kolkata, Hong Kong and California
Why it matters: The case highlights how traditional investment scams increasingly end with funds moved into crypto, complicating tracing for law enforcement.
Source: The Crypto Times