<h1>Five arrested in cross-border crypto token fraud probe using loans, jobs, investments to steal hundreds of crores</h1> Five individuals were arrested by a federal investigative agency in a cryptocurrency token fraud probe alleging an elaborate cross-border conspiracy that used loan, job, investment and crypto schemes to defraud victims of hundreds of crores. Searches at multiple locations yielded digital evidence and financial records. An FIR was registered for criminal conspiracy, impersonation, fraud and offences under the Information Technology Act. Investigators say foreign-based masterminds, with domestic collaborators, created shell companies and mule bank accounts to aggregate victim funds, convert proceeds into cryptocurrencies, and transfer them abroad; tracing of financial trails and other participants continues.