Delhi Police Disrupt Interstate Cyber Fraud Ring, Five Arrested

Delhi Police have reportedly dismantled a significant interstate cyber fraud syndicate, arresting five individuals allegedly involved in a sophisticated money laundering operation. According to Cyber Threat Intelligence, this group leveraged mule bank accounts and cryptocurrency to funnel illicit funds both domestically and internationally. The investigation, which stemmed from Operation “Cyber Hawk 4.0” and multiple complaints via the National Cyber Crime Reporting Portal, highlights the persistent challenge of financial cybercrime.

The syndicate’s modus operandi involved providing mule bank accounts and SIM cards to other members for a commission, with funds subsequently layered and converted into cryptocurrency, primarily USDT. Cyber Threat Intelligence indicates these digital assets were then routed to foreign handlers using encrypted social media platforms. Police identified 28 bank accounts linked to the accused, with 43 complaints totaling approximately Rs 2.31 crore across various states like Maharashtra, Kerala, and Tamil Nadu.