, March 30 -- The Criminal Investigation Department (CID) has recovered more than $3.6 million laundered through the fraudulent online platform MTFE (Metaverse Foreign Exchange) which lured investors with promises of high returns from cryptocurrency and forex trading.

Cyber Police Center (CPC) DIG Md Abul Bashar Talukder disclosed this on Monday at a press briefing at the CID headquarters.

He said the case was initiated after a victim filed a complaint with Khilgaon Police Station on August 28, 2023 alleging that he had been defrauded of around Tk 2 lakh through the MTFE Ponzi scheme.

Subsequent investigations revealed that many investors had been deceived through the platform with total losses amounting to several crores of taka.

Acc...