Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Delhi Police Uncover Sophisticated Cyber Scam Linked to Chinese Groups

Guavy AI Editorial Team
Instruments
USDT BFC
Share

A sophisticated cyber scam linked to an alleged cross-border network operating via Chinese groups on Telegram and a key handler based in Dubai has been uncovered by Delhi Police.

The scam involved siphoning off nearly Rs 12.84 crore from Hero FinCorp Ltd, a top non-banking financial firm (NBFC), through 317 unauthorized transactions on August 21.

Police arrested five people in raids across Uttar Pradesh, Rajasthan, and Haryana, including a private bank relationship manager who helped open mule accounts.

The syndicate managed to siphon the funds through multiple layers of banking before converting a large portion into USDT (cryptocurrency) and sending it abroad.

More on Crypto

Crypto just now

Vanar Completes Migration to BaseVanar, Shifts Focus to AI Infrastructure

Crypto just now

Revolut Hackers Demand $3M Monero Ransom Over Data Breach

Crypto 1m ago

Anchorage Expands Institutional Custody to Tokenized Uranium and More

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy