According to ChainCatcher, according to Decrypt, Indian police recently cracked a case of fraud pretending to be a government solar project, and seized USDT worth $100,000 with the assistance of Binance Exchange.

The fraud gang pretended to be officials of the Indian Ministry of Power, claiming to have obtained the right to expand the national solar network to help India achieve its renewable energy goals, and lured individual investors. They promoted a company called "M/s Goldcoat Solar" through social media, showing forged proof of income of so-called former investors.

The gang used forged innocent personal information to activate SIM cards and established a wide network to hide their true identities. This case once again reminds us to be vigilant when investing in cryptocurrencies and ensure the reliability of the source of information.