Delhi police have dismantled a multi-million-dollar cryptocurrency scam involving a fraudulent platform named BitBank. The operation, which promised high returns to lure victims via social media, was exposed following the arrest of a key suspect, Nitin Sharma. Sharma was apprehended while attempting to withdraw $12,000, with WhatsApp logs revealing his involvement in the scheme. The scam exploited the increasing popularity of cryptocurrency apps in India, taking advantage of regulatory loopholes. Victims were enticed with fake high returns, but faced restrictions when attempting to withdraw funds, a tactic common in such fraudulent operations.