Reportedly, the Indian police force in the country’s second most-populous state, Maharashtra, has arrested a fraudster in Thane city, who had allegedly taken the money of 1,441 investors. The report estimates that the crypto scammer may have significantly looted the money, an excessive 2.5 billion rupees ($31.2 million). To make investors dump their money, the scammer ran two fake programs named ‘SMP’ and ‘Magic 3x’.