Faridabad, Oct. 18 -- Faridabad Police have arrested two Rajasthan residents for allegedly arranging a bank account used to receive proceeds of an Rs 87,000 online stock trading fraud, with part of the money withdrawn through an ATM and routed through the cryptocurrency-linked stablecoin USDT, officials said on Sunday.
The accused, Nahar Singh and Surender Singh, both residents of Rajasthan's Dausa district, were arrested by the NIT Cyber Police Station and remanded to judicial custody.
Police said the investigation revealed that Rs 50,000 of the defrauded amount had been deposited into a bank account belonging to another accused, Neelu Singh, a resident of Motiwara in Rajasthan's Alwar district, who was arrested on June 23.
According to...