CoinOtag
2025-12-27 18:02:29

CBI Arrests Canara, Axis Bank Officials in Alleged Mule Account Scheme Tied to Crypto Laundering

The Central Bureau of Investigation (CBI) arrested two bank officials from Canara Bank and Axis Bank in Patna for creating mule accounts that helped cybercriminals launder stolen funds into cryptocurrencies. They provided evasion tips and altered customer identities to facilitate undetected transfers abroad. CBI arrests highlight rising insider threats in banking aiding cyber fraud networks. [...]

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.