Reportedly, an alleged Crypto racket organization from Nagpur has drained off over Rs40 crore or $5.36 million using a shell company called “Ether Trade Asia”. Over 11 suspects were arrested in a raid conducted in collaboration with different police departments. As per authorities, an estimated 170 people were victims of the Crypto racket. These victims lost millions in U.S. dollars by using a website to send ETH to turn in a profit.