The Central Bureau of Investigation (CBI) has confiscated over $930,000 (approximately Rs 7.7 crore) in cryptocurrency from an Ahmedabad-based individual accused of deceiving a US citizen. The suspect, Ramavat Shaishav, purportedly posed as a senior executive from Amazon's fraud department and convinced the victim that his Amazon account was compromised.
Shaishav allegedly coerced the victim to convert $130,000 into Bitcoin and deposit it into a specific wallet. The CBI discovered 28 Bitcoin, 55 Ethereum, 25,572 Ripple, and 77 USDT in Shaishav's e-wallet, all of which were subsequently transferred to the government's wallet. Two alleged accomplices are also under investigation.