Indian authorities have arrested suspects linked to a crypto scam operation based in Myanmar.
India Arrests Key Figure in Transnational Crypto Scam Trafficking Network
India's Central Bureau of Investigation (CBI) has made an arrest. Mumbai resident Sunil Nellathu Ramakrishnan was taken into custody for his alleged role in a transnational trafficking network. The charge? Luring Indians to crypto scam parks in Myawaddy, Myanmar.
Victims were promised legitimate work, transported from Delhi to Bangkok, and then moved to scam hubs like KK Park. Once there, they were forced into "pig butchering" schemes and crypto investment fraud. They were also illegally detained and physically abused.
The CBI says it tracked Ramakrishnan down using intelligence from a victim who escaped the park last year and was repatriated to India. Interpol has flagged these scam park networks as a transnational threat, affecting victims in over 60 countries. The US has already frozen more than $580 million in linked crypto assets. One "pig butchering" ringleader, meanwhile, has been sentenced to 20 years behind bars.
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