As a seasoned analyst with years of experience in investigating cybercrime activities, this latest operation by Telangana Police’s Cyber Security Bureau (TCSB) is a testament to their unwavering commitment towards ensuring digital safety and security. The intricate nature of these scams, involving multiple layers of agents and the conversion of ill-gotten gains into cryptocurrencies, underscores the evolving landscape of cybercrime.
21 individuals, suspected of defrauding victims and subsequently exchanging the ill-gotten funds into digital currencies, were apprehended by the Telangana Police’s Cyber Security Bureau (TCSB). The arrests took place throughout the state during a recent operation carried out last week.
According to an article in The Times of India, these suspects were working in two distinct teams. Their strategy involved demanding money from victims initially and subsequently converting that money into cryptocurrencies.
As a researcher delving into this investigation, I’ve discovered that out of the suspects, 13 individuals leveraged their bank accounts to withdraw the ill-gotten gains from cybercrime. They withdrew approximately 82 crores through cheques and passed these funds on to their higher-tier associates. The remaining eight suspects functioned as these upper-level agents, gathering the withdrawn money and channeling it to their overseas collaborator who was managing operations from foreign territories, primarily using cryptocurrency. These findings were shared by Shikha Goel, Director General of the Cyber Security Bureau at TCSB, in her conversation with TOI.
According to TOI reports, authorities are investigating individuals operating cryptocurrency wallets that were traced back to Dubai. The police have apprehended 21 suspects, including Ramesh Kumar, Haroon Khan, Shaikh Mateen, Mirza Hyder, Mohammed Dastagir Farhan, Noor Jahan, Mujahid Hussain, Rahamatullah, and 13 others, who were arrested from different parts of the state.
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2024-12-24 11:48