Vizag city police release Rs 48 Lakh frozen funds to cybercrime victims
The police have identified and named some cybercrooks involved in these scams and seized cryptocurrency worth lakhs from their possession. The seized cryptocurrency was converted into Indian currency and was used to refund the victims.
As a part of the instant assistance, the city police identified 100 victims and released Rs 48 lakh to their accounts following the legal procedure. The police have appealed to the public not to fall prey to instant loan apps, as cybercrooks have been duping and harassing people. The police have warned the public not to get attracted towards loan apps under any circumstances.
This is not the first time the Vizag police have taken such action. In August 2024, the city police released around Rs 4.6 crore of frozen funds to over 150 victims.
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