Indian authorities have seized and confiscated cryptocurrencies in an international fraud case

The assets were earned by defrauding US and Canadian citizens

Authorities in India have seized $327 000 worth of cryptocurrencies from a participant in an international fraud scheme

11.06.2025 - 16:00

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2 min

What’s new? India’s Central Bureau of Investigation (CBI) has arrested a local man and seized more than $327 000 worth of cryptocurrency after uncovering a transnational cybercrime organization targeting victims in the United States and Canada.

CBI statement

What else is known? Rahul Arora was arrested in New Delhi during a series of raids across the country in which investigators uncovered sophisticated tools used to impersonate government officials and tech support representatives to defraud foreign victims.

In addition to cryptocurrencies and cash, bureau agents seized international calling devices and spoofing software from the detainee. He has already appeared before the CBI court, but the investigation is ongoing.

Arora’s arrest demonstrates the CBI’s growing capabilities in fighting international cybercrime. Another high-profile case of the bureau was the GainBitcoin pyramid scheme, which managed to raise $800 million. In February, the CBI raided 60 locations in the GainBitcoin case, leading to the seizure of $2,9 million worth of cryptocurrency.

Chinese court sentences a group of crypto scammers to up to 15 years in prison

The number of victims exceeded 60 000 and the amount of damage reached $5б6 million

In March, the leading US crypto exchange Coinbase registered with the FinCEN India, allowing it to re-enter the local market. The exchange had suspended operations in the country in 2022 due to unofficial pressure from the Central Bank.

Also in March, a tax reform was proposed, under which the Indian Revenue Service will be able to monitor the crypto savings of citizens on exchanges from 2026.

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