
Bitcoin.com News|Apr 16, 2025 05:31
A Chinese court has just thrown the hammer down on crypto scammers 👊
Targeting over 66,000 🇮🇳 investors, a ring of 🇨🇳 fraudsters raked in 6M using fake romance, promises of 15% monthly returns, and a phony investment app.
They didn’t just scam—they built entire fake lives, complete with chat apps and personas to gain trust.
Now? They're behind bars for up to 14 years.
This is one of the biggest India-China crypto crackdowns yet.
Authorities say this isn't over—more schemes like this are still out there.
We’ve seen romance scams, pump-and-dumps, now cross-border psyops?
Is this what crypto crime has become?
Are we watching the rise of a new global digital war on fraud?
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