The State CID Cybercrime unit of Himachal Pradesh has raised red flags over the increasing number of residents falling prey to cryptocurrency scams. According to DIG Mohit Chawla, a total of 135 crypto fraud cases were reported in 2024, and 24 cases have already been registered in 2025, showing no signs of slowing down.
“These scams often originate from unauthorised exchanges or fake digital coins, luring victims with promises of high returns,” Chawla said. The technical complexity and anonymity of crypto transactions make them a prime tool for cybercriminals, many of whom operate through the dark web.
Despite ongoing awareness campaigns and public advisories, people continue to engage with unverified investment platforms, mobile apps, or schemes advertised on social media that promise to “double your money” or offer bogus crypto trading bonuses.
Cybercrime Unit Urges Caution: Stick to KYC-Compliant, Licensed Platforms
DIG Chawla stressed that cryptocurrency is not illegal in India, but the manner in which people interact with it often breaches regulatory guidelines and personal security protocols. He urged citizens to use only licensed platforms that follow KYC (Know Your Customer) norms.
“Platforms that do not require identity verification, or promise instant returns, are major red flags,” he warned. Clicking on unknown links, downloading unverified apps, or participating in anonymous investment groups can lead to not just monetary loss but also data theft.
He also reiterated that participating in crypto-related activities on the dark web—be it buying, selling, or promoting illicit schemes—constitutes a serious offense under Indian law. “Ignorance is not an excuse. Every digital action leaves a footprint. Fraudsters exploit the anonymity, but so do our monitoring systems,” Chawla added.
Tech-Driven Policing: AI Monitoring and Dark Web Surveillance Deployed
In response to the growing threat, Himachal Pradesh Police have deployed advanced AI-based tools to monitor blockchain transactions in real time. A dedicated cybercrime task force is also tracking suspicious movements on the dark web.
To stay ahead of international fraud rings, the state police are collaborating with national and global agencies, focusing on disrupting networks that orchestrate crypto scams from foreign jurisdictions.
Authorities continue to emphasize the importance of early reporting, encouraging victims or suspicious observers to call cybercrime helpline 1930 or reach out to the nearest cybercrime police station.