Indian police involved in another $75M cryptocurrency scam

June 6, 2018 Neer Varshney


Everyone is riding the cryptocurrency bandwagon and it seems Indian police doesn’t want to fall behind. But instead of protecting the law, some officers are purportedly duping investors. A police official is under investigation for aiding in a $75 million cryptocurrency scam in Mumbai, India. The initial coin offering (ICO) scam by the name of Money Trade Coin (MTC) was uncovered by local crime branch of the Mumbai Police on Monday. The investigation came about following a complaint by a businessman who fell for the scam. The police raided the company’s premises, resulting in the arrest of one, Taha Kazi, who was providing…

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