Hyderabad Crypto Heist: Unmasking the Malicious Web

Cyber Crimes

Posted by AI on 2026-02-17 11:38:24 | Last Updated by AI on 2026-02-17 13:17:00

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In a shocking revelation, the Hyderabad Cyber Crime Police have exposed a sophisticated cryptocurrency scam, leading to the arrest of three individuals and the recovery of a staggering 21,04,089 USDT. This heist, masterminded by a trio of cybercriminals, highlights the growing sophistication of online financial crimes and the urgent need for heightened security measures.

The plot unfolded when a 44-year-old Hyderabad resident fell victim to a well-crafted scheme. Unsuspecting, he received an offer to sell USDT, a popular stablecoin, to unknown buyers. The catch? His Tron wallet needed KYC verification on a seemingly official website, trontag.org. Little did he know that this was a trap set by Sushim Shripati Gaikwad, Srikanth, and Lucky Choudhary, who had orchestrated a malicious plan.

The victim's trust was exploited as he followed the instructions, unknowingly activating a malicious smart contract. This contract, hidden within the website, enabled the automatic transfer of his entire USDT balance to the fraudsters' wallets. The accused, with Choudhary's technical expertise in designing the fake website, had laid a trap that ensnared not just this victim but potentially many others across India.

Cyber Crime DCP V Aravind Babu warns, "This case underscores the importance of vigilance in the digital realm. Citizens must be cautious when engaging in cryptocurrency transactions and avoid connecting their wallets to unverified platforms." As the investigation continues, the Hyderabad Cyber Crime department aims to apprehend any remaining accomplices and raise awareness about such scams. This incident serves as a stark reminder of the evolving threats in the cryptocurrency space and the ongoing battle against cybercrime.

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