Close Menu
Crypto News India
    What's Hot

    Bitcoin, Dogecoin Lead India’s Crypto Choices Across Every Age Group

    MTC Crypto Fraud: ED Traces Rs. 113.10 Crore Money Trail

    India Crypto Futures Hit New Highs: Is Market Maturity Real?

    Facebook X (Twitter) Instagram
    Crypto News India
    • Home
    • News
      • Bitcoin
      • Ethereum
      • XRP
      • Solana
      • Altcoins
    • Markets
    • World
    • Blockchain
    • Predictions
    • Metaverse
    • NFT
    Button
    Crypto News India
    Home»Crypto News»Assam Cyber Scam: Rs. 1,071 Crore Crypto Trail Exposed
    Crypto News

    Assam Cyber Scam: Rs. 1,071 Crore Crypto Trail Exposed

    Simran MishraBy Simran MishraAugust 19, 2026Updated:August 19, 2026No Comments2 Mins Read

    Gujarat CID Traces 23 Crypto Wallets After Assam Graduate Allegedly Routed Scam Funds Through 1,754 Bank Accounts

    Share Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Copy Link
    Follow Us
    Google News Flipboard
    Assam Cyber Scam: Rs. 1,071 Crore Crypto Trail Exposed
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link

    Gujarat CID’s Cyber Centre of Excellence arrested 25-year-old Rafikul Alam in Assam on August 18, 2026. Investigators linked Alam to a Rs. 1,071-crore cybercrime network spanning 1,090 cases nationwide. 

    Police allege the BCA graduate handled money from digital arrest scams through bank accounts. He allegedly converted stolen funds into USDT and other cryptocurrencies for Chinese-linked operators.

    Alam, from Barpeta Road, previously worked for a private company in Haryana before joining the racket. Investigators say recruiters attracted him with promises of quick money and gradually expanded his role. 

    He allegedly split scam proceeds across 1,754 bank accounts and nearly 3,000 gaming accounts. The network then converted the money into crypto before sending funds toward foreign-controlled wallets.

    Investigators also traced 23 crypto wallets on Alam’s devices, holding transactions worth nearly Rs. 16 crore. Police said Alam used a special application for crypto conversions outside regulated exchange channels. He allegedly communicated with Chinese handlers through Telegram and WhatsApp using Google Translate.

    Investigators said the handlers used names such as ‘China Madam’ and ‘China Boss’ during communications. Alam allegedly worked with Indian associates based in Cambodia who posed as enforcement officials. These callers reportedly threatened victims with arrest over money laundering or child pornography allegations.

    SP Vivek Bheda said Alam had transferred money to Chinese syndicates operating through Cambodia for two-and-a-half years. “He owned a car in a village where most people did not have one and carried several iPhones,” Bheda said.

    A three-day undercover surveillance operation in Barpeta Road preceded Alam’s arrest by the Gujarat CID team. Police also seized electronic devices containing financial and cryptocurrency-related information during the operation.

    The investigation reportedly helped authorities stop 10 ongoing digital arrest scams across Gujarat and other states. Investigators now expect Alam’s information to reveal more members of the wider syndicate.

    Disclaimer : Crypto News India does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

    Assam Cyber Scam Crypto Fraud Crypto Scam Cyber Attack Cyber Fraud
    Follow on Google News Follow on Flipboard
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
    Previous ArticleIndia Crypto Tax Rules Keep 30% Levy as Transaction Reporting Expands
    Next Article Navi Mumbai Crypto Scam: 13 Held, 5,301 USDT Seized
    Avatar photo
    Simran Mishra

    I am a content analyst and crypto journalist with over 3 years of experience covering blockchain, Web3, DeFi, and emerging digital asset trends. My SEO-driven reporting and curiosity for deep tech help me deliver clear, credible insights in the fast-evolving crypto space. Beyond Web3 journalism, I express my creativity through poetry and a deep passion for the arts.

    Related Posts

    Bitcoin, Dogecoin Lead India’s Crypto Choices Across Every Age Group

    August 21, 2026

    MTC Crypto Fraud: ED Traces Rs. 113.10 Crore Money Trail

    August 21, 2026

    India Crypto Futures Hit New Highs: Is Market Maturity Real?

    August 21, 2026
    Latest Posts

    Bitcoin, Dogecoin Lead India’s Crypto Choices Across Every Age Group

    MTC Crypto Fraud: ED Traces Rs. 113.10 Crore Money Trail

    India Crypto Futures Hit New Highs: Is Market Maturity Real?

    Three in Four Indian Crypto Investors in India are Under 35, CoinSwitch Study Finds

    • Editorial Policy
    • Disclaimer
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • About Us
    • Editorial Policy
    • Disclaimer
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • About Us

    Crypto News India is India’s premier digital platform for timely, accurate, and comprehensive cryptocurrency news, analysis, and insights. Since our inception, we have been committed to empowering Indian investors, traders, and blockchain enthusiasts with the knowledge they need to navigate the dynamic world of digital assets.

    Facebook X-twitter Instagram Linkedin

    Bitcoin, Dogecoin Lead India’s Crypto Choices Across Every Age Group

    MTC Crypto Fraud: ED Traces Rs. 113.10 Crore Money Trail

    © 2026 Crypto News India

    Type above and press Enter to search. Press Esc to cancel.