In a recent crypto investigation, the US FBI successfully infiltrated a group of Indian citizens suspected of engaging in illicit activities involving the exchange of cryptocurrency for over $15 million in cash. The alleged transactions took place at various locations in Westchester County, with the group catering to customers seeking anonymity for their activities. Crypto Crime Unveiled According to recent reports, five out of the six suspects were apprehended on October 17 and subsequently charged in US District Court, White Plains. The charges primarily revolve around operating an unlicensed money-transmitting business. The investigation unfolded with the assistance of law enforcement agents who monitored 80 “cash hand-offs”. Related Reading: xDay 2023: Elon Musk’s X Competitor? xPortal Unveils Rival Features The FBI’s scrutiny began in April 2021 when they identified a suspect operating within the “dark web” criminal marketplaces. Although the individual remains unnamed in the criminal complaint, they are believed to be a co-conspirator of the arrested local suspects. Notably, the suspect offered to ship cash to customers in exchange for cryptocurrency. According to the complaint, the unidentified co-conspirator disclosed to an ..
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