Arunachal Pradesh Police Arrest Assam Resident in Major Cryptocurrency Scam

31 October, 24: Naharlagun police, in a significant crackdown on financial fraud, have arrested a 30-year-old suspect, Yakub Ali, from Assam’s Barpeta district for allegedly masterminding a cryptocurrency investment scam. The arrest, executed on October 29, followed a meticulous investigation into fraudulent schemes targeting unsuspecting investors.

Ali is accused of luring investors into a cryptocurrency scheme through two online platforms—Vio5globel.com and the OKX App. Promising high returns through a networking business model, he allegedly enticed multiple victims with virtual profits, which were displayed in their online accounts but couldn’t be withdrawn. Once substantial funds were accumulated and converted into USDT cryptocurrency via the OKX App, Ali allegedly took down Vio5globel.com and vanished, leaving investors with substantial losses.

The police tracked Ali to Chunbari Village in Barpeta, using a combination of advanced surveillance techniques and traditional investigative efforts. The arrest was carried out by a special police team led by SI Vivek Linggi, under the guidance of SP ICR Naharlagun Mihin Gambo and Inspector K Dev, with collaboration from the Assam Police.

Ali has been taken into custody under Naharlagun PS Case No. 81/24, filed under Section 420 of the Indian Penal Code for cheating. The Judicial Magistrate First Class in Yupia has remanded Ali to five days of police custody, allowing authorities to further investigate the scope of the alleged fraud. Investigators are currently working to identify additional victims and recover defrauded assets in connection to this case.