One of the Main Accused Arrested in Alleged $240 Million Crypto Scam in India A Special Investigation Team (SIT) in India carried out extensive searches at 41 locations in the state of Himachal Pradesh on Sunday
as part of the ongoing investigation into the alleged $240 million crypto scam.
The operation resulted in the arrest of Abhishek Sharma, one of the main accused who had been evading capture, police told local media today.
Abhishek Sharma, a resident of Una district, was identified as one of the primary individuals involved in the scam that began its illicit operations back in 2018.
The alleged kingpin of the multi million crypto scam, i
dentified as Subash, is still at large. At the core of this fraudulent scheme
were promises of substantial returns through an investment plan related to a locally created cryptocurrency known as “Korvio Coin” or KRO coin.
Initially,
the scame was alleged to be at around $24 million, but amid ongoing investigations police estiamtes
the scam to be somewehere around 2000 crore INR ($240 million).
