Bitcoin Mining Scam: CBI exposes massive crypto fraud; accused dupe people by promising large gains
CBI had registered a case u/s 120-B r/w 419, 420 IPC and Section 66 D of Information Technology Act, 2000, against two private companies, along with their directors, on the allegations that the accused were involved in a fraudulent investment scheme linked to the HPZ Token App. The scheme involved misleading the public into investing in non-existent crypto-currency mining machine rentals.
![Bitcoin Mining Scam: CBI exposes massive crypto fraud; accused dupe people by promising large gains](https://cdn.zeebiz.com/sites/default/files/2024/05/01/291209-cbi-file.jpg?im=FitAndFill=(1200,900))
CBI investigation so far has revealed that approximately 150 bank accounts related to the accused were used to collect funds from investors. Photo: File/Representational