TechFlow reported on October 15 that, according to Decrypt, Indian police recently cracked a fraud case involving impersonation of a government solar energy project. With assistance from Binance Exchange, they seized USDT worth $100,000. The scam group allegedly posed as officials from India's Ministry of Power, claiming rights to expand the national solar network and luring individual investors by promising contributions to India’s renewable energy goals.
The fraudsters promoted a company named "M/s Goldcoat Solar" via social media, impersonated senior government officials, and presented forged proof of returns from supposed previous investors. They used falsified personal information to activate SIM cards, establishing an extensive network to conceal their true identities.
