*FBI's 2023 Crypto Fraud Report*: The FBI received over 69,000 complaints about crypto fraud in 2023, with reported losses exceeding $5.6 billion. Investment fraud was the most common scheme, accounting for $3.9 billion in losses ¹.
- *Himachal Pradesh Crypto Scam*: The Himachal Pradesh government has unearthed a massive crypto scam involving Rs 5,000 crore, with over 1 lakh people affected. Ten arrests have been made so far ².
- *Navi Mumbai Crypto Fraud*: The Navi Mumbai cyber police have frozen bank accounts worth Rs 32.66 crore in connection with a crypto fraud case. The scam involved a woman befriending the victim and convincing him to invest in cryptocurrency trading ³.
- *China-Linked Crypto Scam*: The Bengaluru police have busted a China-linked crypto scam, arresting 10 individuals and seizing Rs 1.74 lakh in cash, 133 SIM cards, and 182 debit cards ⁴.
- *Ex-Coinbase Manager's Brother Sentenced*: Nikhil Wahi, the brother of a former Coinbase manager, has been sentenced to 10 months in prison for his role in a crypto fraud scheme involving confidential information about Coinbase's token listings ⁵.
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