$327,000 worth of cryptocurrency seized from international fraudster in India
Date: 2025-06-12 Author: Henry Casey Categories: IN WORLD
In a major operation, the CBI has arrested Rahul Arora in New Delhi, who is suspected of being involved in an international fraud scheme aimed at defrauding US and Canadian citizens. Investigators conducted raids across several parts of the country and found sophisticated technical equipment that the criminals used to impersonate government officials and technical support staff to steal funds from overseas victims.
In addition to more than $327,000 worth of cryptocurrency and cash, Arora’s international calling devices and specialized spoofing software, which allows for faking numbers and masking communication sources, were seized. He is currently facing trial before the CBI, but the investigation is ongoing as authorities try to identify all those involved in the criminal network.
Rahul Arora's arrest is a sign that the Central Bureau of Investigation is improving its methods of combating international cybercrime. The bureau previously handled the GainBitcoin case, a large financial pyramid that raised about $800 million. In February, large-scale raids were carried out on 60 addresses in connection with the case, during which cryptocurrency worth about $2.9 million was confiscated.
It is worth noting that in March this year, the American crypto exchange Coinbase officially registered with the Financial Intelligence Unit of India, which allowed it to return to the Indian market after a temporary suspension of operations in 2022. At that time, the exchange suspended operations due to pressure from the country's central bank.
Also in March, a new tax reform was proposed, according to which, from 2026, the Indian tax service will receive the authority to control citizens' crypto assets stored on exchanges. This indicates the authorities' growing attention to regulating the cryptocurrency sector in the country.
Thus, Indian law enforcement agencies continue to actively counteract international fraudsters and implement new measures to control and regulate the crypto market, which increases the safety of both local and foreign investors.
