India’s CBI Cracks Down on Major Transnational Cybercrime Ring, Seizes $327,000 in Crypto

The CBI’s recent crackdown targeted a group accused of orchestrating large-scale online scams that defrauded victims across several countries, including the United States and India. According to sources, the cybercriminals used phishing attacks and other deceptive tactics to gain access to sensitive information and siphon funds from unsuspecting individuals.

The investigation , which spanned several months, involved close collaboration with international law enforcement agencies. The CBI tracked the illicit flows of money through various crypto wallets and exchanges, eventually freezing assets worth approximately $327,000 in digital currencies such as Bitcoin and Ethereum.

CBI Busts Transnational Cybercrime Racket

Recovers Crypto currencies worth Rs. 2.8 Crore

One accused arrested pic.twitter.com/4L8OolOwAo

— Central Bureau of Investigation (India) (@CBIHeadquarters) June 11, 2025

The criminals reportedly exploited the anonymity and borderless nature of cryptocurrencies to obscure their activities. They lured victims with fraudulent investment schemes and fake technical support calls, convincing them to transfer funds that were quickly converted into crypto and moved across multiple accounts to evade detection.

This case highlights a broader trend: as cryptocurrencies become more mainstream, they are being increasingly misused for illicit purposes. According to a 2024 report by Chainalysis, global crypto-related crime surged by 15% year-over-year, with scams and ransomware attacks accounting for a significant portion of illicit activity.

The CBI emphasized its commitment to combating cyber-enabled financial crimes, stating that the operation demonstrates India’s capacity to track and recover digital assets. The agency also called for enhanced international cooperation and stronger regulatory frameworks to address the challenges posed by cryptocurrencies.

This high-profile seizure follows similar actions by law enforcement agencies worldwide, reflecting a growing consensus on the need for robust oversight in the rapidly evolving crypto sector.

The CBI’s success in disrupting this cybercrime ring and recovering substantial crypto assets marks a significant step forward in the fight against digital financial fraud. As the use of cryptocurrencies continues to expand, coordinated global action will be crucial to safeguarding users and maintaining trust in digital finance.

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