GUWAHATI: The South Salmara Police Station has dismantled a large-scale cryptocurrency scam that defrauded over 2,000 victims, authorities confirmed on Sunday, March 2. The fraudulent scheme centered around a digital token called the "RSN Crypto Token," causing losses estimated between ₹10 to ₹20 crores.
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The perpetrators lured individuals with promises of substantial returns on investments in the RSN Crypto Token. However, instead of fulfilling these promises, the criminals covertly converted the invested funds into USDT (Tether) through exchanges based in China, laundering the money and leaving victims with financial losses.
Three individuals have been arrested in connection with the scam. Further investigations are underway.