India, Oct. 5 -- The CBI has arrested five individuals in connection with the HPZ cryptocurrency token fraud case, in which cyber criminals duped victims of hundreds of crores through loan, job, investment, and cryptocurrency schemes, officials said on Saturday.
The agency conducted searches at seven locations in five cities, including Delhi0NCR, Hyderabad, and Bengaluru, leading to the recovery of incriminating digital evidence and financial records, they said.
The agency registered the FIR under provisions of criminal conspiracy, impersonation and fraud and offences under the Information Technology Act, they said.
The case pertains to an elaborate criminal conspiracy orchestrated by foreign-based masterminds in collusion with Indian na...