Odisha Police Dismantles India STA Crypto Scam, Exposing ₹1,000 Crore Fraud

• Odisha police bust a widespread crypto scam, uncovering a staggering ₹1,000 fraud, victimizing individuals across India.
• Two pivotal players within the scam were taken into custody.
• The fraudulent scheme amassed more than 200,000+ members nationwide.

In a significant breakthrough, the Odisha police have apprehended the masterminds behind a colossal cryptocurrency scam that defrauded victims of a staggering ₹1,000 crore across India, as reported by the Times of India. The operation unfolded as the Odisha police pursued a complex investigation that traversed state borders and revealed the extent of the deception.

The fraud, centered around the STA Crypto Token, ensnared individuals from various states, including Haryana, Delhi, Jharkhand, and Madhya Pradesh. The perpetrators orchestrated a large-scale pyramid scheme that encouraged unsuspecting victims to invest in the STA Crypto Token, with devastating financial consequences.

Gurtej Singh Sidu, the key figure behind the scheme, was apprehended by the Odisha police. Nirod Das, a prominent STA Crypto Token operation member in Odisha, was also apprehended.

The elaborate scheme spanned several states, le…

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