Central Crime Branch (CCB) officials on Monday busted a cryptocurrency racket and arrested four persons, who had allegedly collected crores of rupees from investors in one year offering higher returns for the purchase of helium crypto tokens, and then escaped with the investment money.
Based on a complaint, a team of officials, led by DCP S.D. Sharanappa, tracked down the accused and arrested them. The police have recovered ₹17 crore worth of valuables and also seized several mobile phones and laptops from the accused to ascertain their network and operations.
According to the police, the racket started during the pandemic in 2021 when the accused launched Sharehash app and started approaching people on WhatsApp and via messages, offering to sell helium crypto tokens. They offered higher returns.
