Ghaziabad Cyber Police Arrest Man Involved in Crypto Fraud Using Fake Trading Website
Ghaziabad, Uttar Pradesh – The Cyber Crime Police of Ghaziabad have apprehended a 21-year-old man from Haryana for his involvement in a major cryptocurrency fraud scam that duped investors of crores of rupees through a fake trading website.
The accused, identified as Vijay Dalal, was caught after a complaint was lodged by a victim named Ankit Rastogi. According to the complaint, Ankit received a friend request from a fake Facebook account under the name ‘Kiran Mehta.’ After accepting the request, he was added to a WhatsApp group where he was persuaded to open accounts on a fraudulent website and Bitcoin-related app.
Between February 26 and May 12, 2025, the scammers managed to siphon off ₹1.82 crores from various bank accounts in the name of cryptocurrency investments. Vijay Dalal revealed during interrogation that the gang operated by convincing people on social media to invest in fake trading websites to execute their fraudulent schemes.
Vijay met another gang member, Baljinder, during his studies in Chandigarh. Baljinder instructed Vijay to arrange bank accounts for transactions related to the scam and promised him a 5% commission in return.
This arrest follows an earlier one made on July 19, 2025, when another member of the gang, Sumit Jindal, was detained. Authorities recovered mobile phones, ATM cards, checkbooks, cash, and documents from Sumit during the arrest. Further investigation revealed that Sumit, Vijay Dalal, and Harsh Khatri worked under Baljinder, also known as Ajay.
Cyber Crime Inspector Santosh Tiwari stated that investigation teams are actively searching for other gang members who are still at large. He assured that continuous efforts are underway to apprehend them and unravel the full extent of this fraudulent operation.
This crackdown serves as a stern warning to those attempting to exploit the popularity of cryptocurrency investments for illegal gain and underscores the importance of vigilance while transacting in digital assets.
Authorities advise investors to verify the authenticity of crypto trading platforms and remain cautious about unsolicited investment offers received via social media.
The investigation remains ongoing as police strive to dismantle the entire network to protect innocent investors from similar scams in the future.