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Bitcoin Fraud Mastermind Busted: Nadia Police Arrest Shamim Hossain in High-Profit Scam
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News18•24-09-2026, 15:14
Bitcoin Fraud Mastermind Busted: Nadia Police Arrest Shamim Hossain in High-Profit Scam
- •Police arrested Shamim Hossain for embezzling money by luring people with high profits in Bitcoin and cryptocurrencies.
- •Shamim Hossain, originally from Ashoknagar, North 24 Parganas, was apprehended in the Matigara police station area of Siliguri.
- •His arrest followed the earlier apprehension of Nasim Mandal from Dhubulia police station's Sondanga area in connection with the same case.
- •Investigators claim Shamim is the main mastermind behind the fraud and was produced before the Krishnanagar Sessions Court.
- •Experts warn against investing in cryptocurrency without proper knowledge, highlighting risks like fake websites, phishing links, and fraudulent schemes.
Key Questions Answered
Police arrested a person named Shamim Hossain, whose ancestral home is in Ashoknagar, North 24 Parganas, for embezzling money through Bitcoin and cryptocurrency fraud.
Investigators traced Shamim Hossain after arresting and questioning a man named Nasim Mandal from the Sondanga area of the Dhubulia police station.
Experts advise learning about blockchain and market risks, verifying platform legitimacy, never sharing passwords, OTPs, or private keys, and avoiding unverified links or high-risk investments using borrowed money.
