Authorities in India, led by the Central Bureau of Investigation, have arrested Sunil Nellathu Ramakrishnan (aka Krish), a key figure in a cross-border crypto scam network operating in Southeast Asia.
📊 How it worked:
Victims were lured through fake job offers, sent to Thailand, then trafficked to scam centers in Myanmar and Cambodia.
They were forced to carry out:
Crypto investment scams
Romance scams
Other online fraud schemes
⚠️ Role of crypto:
Crypto assets were used for cross-border fund transfers, making tracking more difficult for authorities.
🔥 Impact:
Highlights the darker side of crypto adoption
Could lead to tighter regulations
Raises reputational risks for the industry
The case underscores that while crypto offers innovation, it also presents serious security challenges.