Guwahati, March 3: Assam Police have apprehended three individuals involved in a large-scale cryptocurrency scam under the guise of RSN Crypto Currency Token.
The operation, conducted on the night of March 1, 2025, at around 10:40 PM, was led by a team under the supervision of ASP Headquarters and spearheaded by DySP (DSB), DySP (B), SI (P) Ishan Jyoti Saikia from the SP Office in South Salmara-Mankachar, along with personnel from Kharuabandha Outpost.
The accused—Asadul Islam (25), Hashanur Zaman (28), and Kobad Ali Mollah (28)—were arrested from the Fakirganj Police Station area. The alleged mastermind, Hekmot Ali Sarkar, remains at large, with efforts underway to apprehend him.
The fraudsters lured victims into investing in RSN Crypto Currency Token, promising lucrative returns through an online gaming and investment scheme that falsely guaranteed a 2% return per investment amount. Victims were given a website link and encouraged to pour in their savings, believing they were engaging in a profitable digital asset trade.
Investigations revealed that over 2,000 individuals from Assam and Meghalaya fell prey to the scam, with the perpetrators siphoning off funds worth ₹10-20 crore. Many victims invested a minimum of ₹50,000 each, only to realize later that the so-called “investment” was an elaborate hoax.
The accused used digital payment platforms like PhonePe, PayTM, and international cryptocurrency exchanges such as Binance to convert Indian rupees into USDT (U.S. Dollar Tokens). The money was then transferred to unknown foreign entities, raising concerns about potential links to international cybercriminal networks.
Additionally, the suspects were involved in renting out bank accounts to cybercriminals nationwide for ₹1,000-2,000 per month, further facilitating illicit financial activities. Laptops, mobile phones and SIM cards were seized.
Interrogations confirmed the accused were actively manipulating cryptocurrency values, coercing victims, and running the scam through a website hosted on an Amazon server. The Intelligence Coordination for Cybercrime (I4C) has traced the fraudulent URL links to China, suggesting possible transnational cyber fraud operations.
An FIR has been registered, and authorities are working to trace additional suspects and financial networks involved. Law enforcement agencies are collaborating with cybersecurity experts to dismantle the larger web of cybercriminal activities.
Meanwhile, police have urged citizens to remain vigilant against online investment schemes promising unrealistic returns.
Read: NorthEast United one win away from playoffs, must beat Chennaiyin to qualify
WATCH:
Find latest news from every corner of Northeast India at hubnetwork.in, your online source for breaking news, video coverage.
Also, Follow us on-
Twitter-twitter.com/nemediahub
Youtube channel- www.youtube.com/@NortheastMediaHub2020
Instagram- www.instagram.com/ne_media_hub
Download our app from playstore – Northeast Media Hub
