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Crypto Anti Fraud Department Is Created In Indian Police

10:20 20/02/2019
Indian Authorities Establish Crypto Anti Fraud Unit

Indian authorities have created a specialized cybercrime investigation laboratory, which will have a unit dealing with illegal operations in the crypto sphere, Cointelegraph reports, referring to local media.

 

The cybercrime laboratory was established to intensify the fight against hackers on the initiative of the Indian Minister of the Interior Rajnath Singh. It will operate within the Cyber Crime Detection and Protection Center (CyPAD), which works closely with the law enforcement agencies of the country's capital, Delhi.

 

The crypto crimes unit has been created to address the issues in the crypto sphere that have become more frequent in recent years. They include numerous hacker attacks, cracking of crypto exchanges, scamming crypto investors.

 

The crypto anti-fraud department is equipped with a technique that allows to recover data from damaged hard drives, examine various types of cryptocurrencies, carry out forensic analysis, and analyze data obtained from 33,000 types of mobile devices on the market, Delhi Police Commissioner Amulya Patnaik stated.

 

Violations of the law associated with cryptocurrency are regularly highlighted in the Indian news. Representatives of the crypto sphere complain about the passive position of the regulatory authorities on this issue, so the decision of the Minister of the Interior was a serious step towards the protection of crypto owners.

 

As previously reported, the police of Mumbai exposed a fraudulent crypto scheme which helped the attackers receive almost $17 million.

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