managing business entities for laundering the money
in the garb of buying cryptocurrency. The applicant Alladi Raja
Sai is stated to be a resident ... bank accounts of
these business entities and the same were converted into
Cryptocurrency. In aggregate, the inflows mapped to the
applicant Alladi Raja
online platform named 'BITXOXO' (bitxoxo.com), which purported to
facilitate cryptocurrency trading. The Complainant claimed that he came
into contact with ... February, 2018. An E-wallet was also issued to him for executing
cryptocurrency transactions. However, he claims that every attempt made by
him to sell
many other people by luring them
to invest money in their cryptocurrency schemes named Etherecash and
EB3 coins. It is further alleged that two bank ... victims/complainants as he has duped them by promising huge returns
from cryptocurrency schemes named EB3 coins and Etherecash. As per
the statement of witnesses
siphoned off.
5. A portion of these funds was converted into cryptocurrency via the
Binance platform by purchasing approximately 2.10646958 Bitcoins.
Records from Binance confirm ... Japanese victim, thereby facilitating the laundering of
illicit funds through cryptocurrency channels. It is further submitted that the
applicant has not cooperated with the investigation
they issued instructions for the transfer
of funds in the form of cryptocurrency, gift cards and wire transfers,
among other methods, .all designed to preserve ... exploited the crypto accounts of KYC-verified users who were
registered on cryptocurrency exchange platforms. This strategic
manoeuvre allowed them to easily liquidate
returned from Ukraine due to the war, advised him to get into
cryptocurrency dealing and promised him commission. Through his
acquaintance Rahul Jha, Ranbeer ... introduced to Kapil, who claimed to
deal in cryptocurrency.
2.1 About 6-7 days prior, Ranbeer and Naman met Kapil near DAV
School, Model Town
Defendant No. 1, who is
operating a fraudulent cryptocurrency trading and investment online
gateway.
CS(COMM) 69/2024 Page 3 of 12
This ... investment
services in various sectors, such as artificial intelligence, machine learning,
cryptocurrency, healthcare, fintech, e-commerce, edtech, telecom etc., under
the brand name "SEQUOIA
many other people by luring them to invest money
in their cryptocurrency schemes named Etherecash and EB3 coins. It is
further alleged that two bank ... victims/complainants as he has duped them by promising huge returns from
cryptocurrency schemes named EB3 coins and Etherecash. As per the
statement of witnesses
leading financial
companies providing services related to monetary affairs, cryptocurrency
exchange services, brokerage services, financial consultancy and, advisory
services in India. It is submitted that ... same was
a platform for buying, selling, trading and, transferring cryptocurrencies.
Thereafter, in 2022, the Plaintiff developed a cryptocurrency exchange
platform under the mark/name
contacted by an
unknown person through an online chat on the Kucoin cryptocurrency
exchange and was induced to invest in cryptocurrency trading on the
promise ... fraud and played a pivotal role in
converting the cheated amount into cryptocurrency. It is further contended
that WhatsApp chats establish the nexus between
