Crypto Doesn’t Create Scams, It Just Makes Bad Actors Faster and Harder to Catch

As someone who has been in the markets long enough to see scams evolve from cold calls to crypto wallets, this India case is a textbook example of how old fraud wears new tech. Stock tips, FX schemes, fake “digital arrests” — none of this is new. What’s changed is the speed and opacity. Moving stolen money through dozens of bank accounts and then converting it into USDT to ship funds offshore is not innovation, it’s laundering 101 in the digital age. People love to blame crypto itself, but the real problem is unregulated promises, fake authority, and victims being rushed into fear or greed-driven decisions.