Four arrested for cryptocurrency fraud in Haryana: Police

The Fact News Service
Chandigarh, June 10
Haryana Police has arrested four people for allegedly duping people in the name of online business involving bitcoin transactions. Director General of Police (DGP) Manoj Yadava on Thursday said the mastermind – Harinder Chahal alias Sonu Chahal – tricked victims into believing that he was in possession of bitcoins whereas the wallets held non-spendable (dummy) bitcoins. Chahal and his associates used the name of Binance, one of the world’s largest cryptocurrency exchanges, with an intention to cheat gullible persons on the pretext of offering them huge returns if they invest money online for bitcoin business, he said. The state police chief also said the issue came to light recently when Pravesh Kumar, a resident of Sector-23, Sonipat filed a complaint with the police alleging that he was cheated by Chahal, a resident of Hisar district. According to an official statement, a case was registered in Cyber Police Station, Panchkula under relevant sections of IPC and IT Act, the state police chief said. Police along with cyber experts started the investigation and it was revealed that several people were involved in this luring gullible people to invest in bitcoin. “In the ongoing investigation, four accused along with their mastermind have already been arrested,” Mr Yadava said. The state police chief informed that Chahal created a fake Facebook account in the name of one Vikas Kumar and claimed to show the wallet address of the cryptocurrency exchange.  

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