In recent developments related to cryptocurrency crime, the Surat Cyber Crime Branch in Gujarat has uncovered an international fraud scheme amounting to ₹111 crore, involving Chinese individuals operating from Dubai. Four suspects have been arrested, while seven others, including Milan Waghela, have been identified as part of the operation that utilized various bank accounts for fraudulent activities. Meanwhile, in Thailand, a Ukrainian crypto trader was robbed of 250,000 USDT. This incident is part of a broader trend of crypto-related crimes, which also includes the tragic case of Kevin Mirshahi, a cryptocurrency influencer whose body was discovered in a Montreal park after being abducted. Additionally, another Ukrainian investor, Viacheslav Leibov, was reportedly kidnapped in Phuket, where he was forced to transfer $500,000 in USDT after being lured to a hotel by someone he thought was a friend. The incidents highlight a rising wave of violence and crime associated with the cryptocurrency market, as authorities continue to investigate these cases.