According to the report, the group launched a cryptocurrency dubbed “Cashcoin” a year ago, which they then sold to investors, promising them to double their investments. The offenses registered by the city crime branch of the local law enforcement forces are reportedly cheating, breach of trust and criminal conspiracy. The lawyers of the defendants claim that they are innocent and have been wrongly arrested. Last month, Indian police also arrested an associate of a group accused of conducting a crypto scam involving 5 billion rupees (about $71.6 million). A report published by crypto analytics company Chainalysis in ... (full story)