Blockchain investigator ZachXBT has exposed an Indian scam ring responsible for stealing over $1 million through social engineering scams and Bitcoin ATM thefts targeting U.S. users. The investigation began when a user claimed their 5.73 BTC, worth approximately $475,000, was frozen by Changelly since March 2025. ZachXBT traced the funds to a cluster of addresses linked to multiple scams since 2025, with many victims being elderly.
The user, who repeatedly changed their story and provided inconsistent bank statements, was identified as a potential 'money mule' connected to a suspect known as 'Mr Parveen'. The investigation humorously noted that the scam ring had even reported themselves to Indian authorities, highlighting the bizarre nature of the case.
ZachXBT Uncovers Indian Scam Ring Involved in Over $1 Million Theft
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