Cyber Cops Recover Rs 2.38 lakh from Chinese National’s Crypto Wallet
When the victim attempted to withdraw his so-called profits, shown as Rs 2 crore on the app, he was extorted through fabricated charges such as tax, exchange fees, and “fraud investigation deposits.” Of the total loss, 2,703 USDT was transferred via crypto channels, while the rest was diverted to multiple Indian bank accounts
Hyderabad: In a first-of-its-kind detection where money moved abroad was successfully recovered, the Telangana Cyber Security Bureau (TGCSB) retrieved 2,703 USDT (Rs 2.38 lakh) siphoned off in a matrimonial fraud worth Rs 89 lakh. The funds, which had been transferred to the wallet of a Chinese national through an international crypto exchange, were successfully re-acquired.
According to TGCSB director Shikha Goel, the case came to light after a complaint from an associate manager from Mancherial, who lost Rs 87.58 lakh after being lured by a woman posing as Nanditha Reddy on a matrimony site. “The fraudster cheated him over WhatsApp, claiming she had moved to Malaysia with her uncle due to financial issues, and introduced him to a fake cryptocurrency trading platform. After gaining his trust by showing fabricated profits, she made him invest more than Rs 40 lakh,” director Goel said.
When the victim attempted to withdraw his so-called profits, shown as Rs 2 crore on the app, he was extorted through fabricated charges such as tax, exchange fees, and “fraud investigation deposits.” Of the total loss, 2,703 USDT was transferred via crypto channels, while the rest was diverted to multiple Indian bank accounts.
TGCSB investigators, led by investigation officer J. Krishnamurthy under the Rangareddy DSP, traced the digital fund trail to Jiang Chuanxuan, a Chinese national. The officer explained, “A notice was immediately served to the platform to freeze the wallet of this Chinese national. Subsequently, a court order was obtained directing the platform to refund 2,703 USDT to the victim’s crypto wallet. The IO followed up with the platform, and the amount lost through the crypto channel was refunded to the TGCSB’s official wallet. These crypto assets will be transferred to the victim’s wallet after obtaining court permission.”
Officials highlighted that the recovery of cryptocurrency from a foreign national’s wallet via an international exchange is a rare achievement in cybercrime cases. TGCSB director Goel complimented the investigating team for their efforts and cautioned the public against trusting matrimonial profiles or transferring crypto assets without proper verification.