The CBI arrested Tushar Kharbanda, Gaurav Malik, and Ankit Jain for executing a crypto scam targeting senior citizens, estimated at a loss of 260 crore INR (30.6 million USD).

The offenders operated from fake call centers and impersonated law enforcement officials including the RCMP to extort money, pushing victims to transfer over 93,000 CAD into cryptocurrency via Bitcoin ATMs.

The successful takedown of this operation reflects the need for international collaboration against cryptocurrency fraud, particularly aimed at vulnerable populations like the elderly.