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Youth Arrested For Cheating Bitcoin Investors On WazirX & Binance: Report

Shortpedia

Content Team
Image Credit: shortpedia

In another instance of cheating/money laundering through cryptocurrencies in India, the Cyber Crimes Division of the Hyderabad City Police has arrested Akshay Gowda on July 24 for allegedly cheating to the tune of INR 3,14,526 on the pretext of selling Bitcoins. Cops booked Gowda under Sec 66D of IT Act 2000 and sections 419, 420 of the IPC code. Gowda befriended Bitcoin traders through Wazir X and Binance.