The latest crypto fraud is recently busted in India.Cryptocurrency trading is becoming popular among investors and traders, so trading apps are also gaining popularity. As a result, the number of frauds is also increasing. The latest crypto fraud is recently busted in India.The investigation began after a complaint was filed regarding a cryptocurrency fraud of ₹3.175 million. According to officials, the victim was initially contacted through Facebook and later approached on WhatsApp by someone claiming to be a representative of BitBank.This individual persuaded the victim to install a fraudulent trading app and invest in supposedly high-yield cryptocurrency and IPO schemes. These scams mirror several bitcoin frauds reported recently, especially in metropolitan cities.The victim was misled into transferring significant amounts of money into various bank accounts under the false promise of receiving share allocations. One suspect, Nitin Sharma (42), a resident of Ludhiana, Punjab, was arrested.