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India is among the nations with the fastest cryptocurrency adoption and has topped the adoption list for 2 consecutive years. The number of users and crypto holdings continues to grow despite strict rules and regulations in this market.&nbsp;
On October 04, 2024, it came into the media that 19 family members collectively looted two brothers by looting over 1 Cr in Indian currency. According to the available information, the defrauded investors were promised huge returns on their investments.&nbsp;
In the same case, the Economic Times reported that the masterminds behind the heist promised the brothers they would make their investments 12x what they invested. The brothers invested $109k and $30.6k since March until the complaint was lodged.&nbsp;
When the victims demanded the fraudsters pay them in return, they threatened that they were in contact with leading personalities. The police officials named Sabir Yakub Ghachi, Shakir Yakub Ghachi, and Ruhiha Shakir Ghachi as the primary accused, including others.&nbsp; Related News&nbsp; 
The FBI (Federal Bureau of Investigation) conducted a study noting that India is among the top five nations with the most cryptocurrency-related complaints. Earlier, Binance, the known centralized crypto exchange, helped India’s enforcement agencies track and dismantle million-dollar fraud.&nbsp;
As per additional information, the Financial Intelligence Unit (FIU) of <a href="https://news.todayq.com/bitwise-registers-xrp-etf-with-delaware-eyes-sec-approval/" target="_blank" rel="noopener noreferrer nofollow">Binance </a>has provided major data about the Fiewin app, allegedly connected with a gaming scam worth $47.6 Million.&nbsp;
The Himachal police succeeded in tracking and detaining Milan Garg, a resident of Uttar Pradesh, for community and massive crypto fraud in July 2024. “He fled to Dubai after the scam came to light, returned to India in June, and left the country again when he was detained at Kolkata airport,” the officials noted.&nbsp;
A police officer notes, “The” website used for the crypto scam had around 2.5 lakh different IDs.” Crypto Market Price Updates&nbsp; 
In the past 24 hours, <a href="https://news.todayq.com/binance-trading-volume-market-share-hit-4-year-lows-data/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency </a>market capitalization surged 1.13%, reaching 2.13 trillion; despite this surge, the cap was in red due to surging geopolitical tensions. At the same time, the fear and greed index by CoinMarketCap was 36, determining fear in the market sentiment.&nbsp;
Bitcoin was trading at $61,521, adding 1.13% intraday; however, it lost more than 3.21%&nbsp; of its trading price in the past seven days. The trading volume of BTC seems to be struggling, falling 22.21% in the past 24 hours to $32,743,714,592.&nbsp;
None of the market watchers claims any severe reason behind the FTT token’s surging price, but rough data notes that FTX’s repayment plan is pushing the token price to the sky; FTT token price surged more than 27% in the past 24 hours, making it the intraday gainers followed by Celestia at $5.17 adding 8.46%.&nbsp;
Sui and Wormhole have been competing on the loser list, simultaneously failing 5.94% and 5.81%. Aptos (APT) has also shown major price improvements during press time. It was trading at $8.84, growing 7.60% intraday and 8.94% in the past seven days.&nbsp;
Ethereum lost 10.54% of its trading price in the past seven days, reaching below the mark of $2500, yet when writing, it was trading at $2378.&nbsp;

Family of 19 defrauds brothers of ₹1 cr in cryptocurrency scam

Todayq News

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