India arrests suspects linked to cryptocurrency scam operations in Myanmar

Mars Finance news, according to a report by Decrypt, India’s Central Investigation Bureau has arrested Mumbai resident Sunil Nellathu Ramakrishnan, accusing him of being the core figure in a transnational smuggling network. He allegedly lured multiple Indians to Myanmar’s Myawaddy region, into crypto scam compounds. The victims were taken from Delhi to Bangkok under the pretext of legitimate work, then transferred to scam compounds such as KK Park, where they were forced to carry out pig-butchering scams and crypto investment scams, and suffered illegal detention and physical abuse. The agency said that, based on information provided by Indian victims who escaped and were repatriated from the compounds last year, it successfully identified and arrested Ramakrishnan. Interpol has listed the scam-compound network as a transnational criminal threat, affecting victims in more than 60 countries. The United States previously froze over $580 million in related crypto assets, and a “pig-butchering” organizer was sentenced to 20 years in prison.