Indian police arrest “Crypto Queen” and other criminals

Indian police secured the arrest of five suspects linked to task fraud from labor from home and dismantled the entire criminal enterprise. According to police, it destroyed a cybercrime syndicate that fraudulent women over Rs. 17.29 larks (approximately $21,000) through fake fraud.

Indian police said they have arrested and identified the accused Krish, Deepa, Deepa, Gaurav, Mansan and Nidhi Agarwal, who are allegedly working as cryptocurrency handlers. The issue called the Indian police attention in July after a 29-year-old woman from Bellari filed an FIR complaint against the group. The woman claimed that while she was searching for work, she was seduced by the scheme and was primarily done by telegram.

Indian police arrest suspect for fake code theft

According to the FIR submitted by the woman, the suspect preyed on her despair to secure work to fraud. The con artist is said to have persuaded the woman to perform online tasks with telegrams, constitute payments for UPI, and promise her fees at the end of the overall task. Unknown to her, the task was completely manufactured and she had sent funds to criminals.

Additionally, Indian police added that criminals will also misuse her qualifications and use her details to retrieve personal loans around Rs. 8.8 lakh (approximately $11,000). Police said they were able to discover complex laundry trails using a mix of technical surveillance, digital forensics and financial transaction analysis.

The stolen money was converted into digital assets (mostly USDT), and then passed through multiple bank accounts before being sold by several telegram-based crypto dealer groups. Police said after getting enough information to chase the criminals, they conducted strategic attacks at various parts of Delhi, leading to the arrest of five suspects.

While questioning, Krish, who lived in Ashok Vihar, one of the suspects, was a central connection between the victim and the code buyer. Indian police said Krish is in charge of managing the flow of stolen funds. He confessed that he would collect UPI IDs and bank account details from his peers and transfer them to the same cryptocurrency dealer on several telegram channels.

Investigators reveal the criminal’s tricks

Funds received in these accounts were either withdrawn in cash or converted to USDT via Nidhi Agarwal. Authorities also alleged that Deepa, originally from Kabir Nagar, was willing to lend an account to transfer money and acknowledge the owner of the procurement and onboarding account.

She also introduced other members to the administration, including Gaurav, who is responsible for physically moving cash and is the focus between the account holder and Krish. Gaurav has recruited 19-year-old student Manthan. He received Rs using his account. 50,000 ($600) of funds stolen in exchange for a small committee. He was also involved in handing over cash for crypto conversion.

All three confirmed that the crypto wallet address used in the operation was shared with WhatsApp and the transactions were processed and coordinated by Krish. Indian police claimed that Nidhi, known as the “Queen of Crypto”, played the most important role in the group. Apart from the laundry of criminal proceeds, she was also responsible for purchasing digital assets from unregulated exchanges at wholesale rates and reselling them for profit.

She also ran WhatsApp with international numbers obtained from local contacts, avoiding detection and capture. Police added that official licenses for currency exchanges or crypto trade were found in her possession. “These disclosures reveal a broader conspiracy involving foreign telegram handlers, unlicensed crypto dealers, and digital money laundering channels across national and international platforms. Investigation in this case is ongoing, confirming the roles of other peers involved in this racket and restoring DCP (North) Raja Banthia.