Social media scam leads police to Rs 14.87 million crypto operation

Key Points

• Police arrested a 25-year-old man, Mukesh Prajapati, for illegal cryptocurrency transactions amounting to more than Rs 14.87 million.
• The suspect allegedly used social media to defraud people and convert the proceeds into cryptocurrency.
• Investigators recovered digital assets worth approximately Rs 1.14 million from various accounts linked to the suspect.
• Crypto trading remains illegal in Nepal, and the Kathmandu District Court has granted a five-day remand for further investigation.