๐จ Biggest Scam Alert!
From fake loan apps to USDT transfers, scammers just laundered โน50 Crore using Binance accounts. Hereโs how they fooled people โ and what we can learn to stay safe. ๐๐
๐ฐ The Story
Police in Balrampur, India, have arrested two men โ Golu Kumar and Bhushan Kumar Chaudhary โ for running a huge โน50.67 crore (~56.6 lakh USDT) laundering racket. The shocking part? It all started with shady Chinese loan apps.
๐ How the Scam Worked
โข Fake apps like Udhar Loan, Rupee Factory, Quick Loan and Credit Bee offered โeasy loans.โ
โข Victims borrowed small amounts but faced massive hidden charges and high interest.
โข Money collected from borrowers was sent to mule accounts.
โข That cash was then converted into USDT on Binance and transferred abroad within minutes. ๐
๐จโ๐ป The Mastermind
Investigators say Golu Kumar was running the operation from a small cybercafรฉ in Bihar. Over two years, he used IDs of family and friends to open multiple Binance accounts, quietly moving crores without raising suspicion.
๐ What Police Found
โข Total laundered: โน50.67 crore
โข Channel: Loan repayments โ mule accounts โ USDT โ foreign transfers
โข Victims: Borrowers trapped in fake loan promises
๐ง Why It Matters
Cases like this give crypto a bad name, but letโs be clear โ crypto is not the villain. Scammers are. Just as fraudsters once misused banks or credit cards, today they misuse digital assets.
๐ For Binance users:
โ๏ธ Donโt trust unverified apps
โ๏ธ Protect your KYC details
โ๏ธ Remember โ if it sounds too good to be true, it probably is
๐ก The Bigger Lesson
This scam is a reminder that technology alone canโt stop fraud. Awareness and regulation are just as important. Crypto remains one of the most powerful financial tools โ fast, global and efficient. But its future depends on how responsibly we use it.
๐ Crypto is here to stay. Stay informed, stay alert, and donโt let scammers ruin the opportunity. ๐
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