The rising crimes occurring in the cryptocurrency space in India has finally caught the attention of the government.In order to step up the fight against cyber crimes and by extension, cryptocurrency-related crimes, India’s Union Home Minister Rajnath Singh from the Government of India inaugurated the cyber forensic lab and Cyber Protection Awareness and Detection Centre (CyPAD), which will be operated by police in Delhi. News portal Coin Telegraph reported that within the cell, there will be a special unit focused on countering these types of crimes.The news portal quoted Delhi Police Commissioner Amulya Patnaik as saying, “We are now equipped with technology to recover data from damaged hard disks, cryptocurrency analysis, malware forensic and data can be retrieved from 33,000 kinds of mobile models available in the market.”This news comes as respite of people who have been duped out of crores of their hard-earned money by scammers with no scruples. Recently, Crypto-News India had reported that four people were arrested in the economic capital of our country for allegedly running a cryptocurrency racket that amassed the wealth of 100 crore INR by duping people in 3 states.The gang, according to Mumbai Police, launched a new cryptocurrency called CashCoin about a year ago. They promised people that this new cryptocurrency can double their investment, and the result was that several people from Maharashtra, Gujarat and Uttar Pradesh invested in CashCoin. However, when nothing such happened one of the disgruntled investors from Surat, namely Umeshchand Jain, lodged an FIR with police. He said in the FIR that he has been duped of Rs. 1.2 crore. Acting on his complaint Mumbai Police arrested four people from the gang, namely Sanjay Sontakke (44), Rajnikant Kumavat (46), Alpesh Barodia (32) and Kirankumar Panchsara (38). These arrests were made from Mumbai, Surat and Uttar Pradesh. Police is now also looking for a fifth accused called Ashok Goyal, who reportedly played a key role in this gang.While this is fantastic, the sheer volume of complaints that have piled up will mean that the wronged would have to wait awhile, before they receive justice.Liked what you read? Join us on Telegram
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