Indian Police Busted Call Center Scam Who Stole $1.7 Million In Bitcoin From US Citizens

Scammers from India were requesting funds from US citizens by saying they were working for the SSA and that these individuals were involved in illegal activities. These attackers were able to steal $1.7 million in Bitcoin from US citizens.

  • Scammers steal $1.7 million in Bitcoin from US citizens
  • These attackers were working in a call center

According to the Business Standard, a gang in India has been busted by the Police in Madhya Pradesh state. The scammers were stealing Bitcoin (BTC) from US citizens through a call centre. The reports show that the scammers were able to steal around $1.7 million in funds.

Scammers In India Shut Down By Police

As reported by the Business Standard, 78 individuals operated the call centers to steal Bitcoins from US citizens. The gang was able to receive the social security numbers of around 100,000 U.S. citizens. They were also able to acquire their cell phone number and other private information.

The police explained that the duties of these individuals were to contact U.S. citizens as if they were Social Security Administration employees. After it, they had to tell the victims that their Social Security number (SSN) was used in suspicious activities, including smuggling narcotics and laundering money.

Superintendent of Police, Jitendra Singh, said that the callers would also demand payments to be done in Bitcoin between $50 and $5,000. The callers used US accent to tell them that they have to pay a certain amount of money if they do not want their social security number to be blocked.

The raid concluded with 70 cellphones, 60 computers, a server and other devices seized by the police. The individuals that were arrested were aged between 18 and 32 years. There have been similar scams in the past related to scammers requesting funds from users. If the individuals didn’t provide the requested funds, the scammers threatened them.

The report reads as follows:

“The tele callers, in chaste US accent, would tell them that for settling the issue they have to pay certain amount otherwise their social security number will be blocked and legal action initiated against them.”

The Federal Trade Commission said that over 63,000 reports regarding fake SSA calls were filed with the government body since January 2018. Just 3 percent of the individuals scammed lost money.

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Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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