Ahmedabad: The Gujarat Police’s Cyber Centre of Excellence has arrested two more persons in an ongoing investigation into a suspected cryptocurrency network involving transactions worth over Rs 226 crore, allegedly linked to terror financing, global drug trafficking and dark web-based financial operations.

With the latest arrests, the total number of accused held in the case has risen to 12. Police said the arrests were made following technical analysis and intelligence inputs gathered during the probe into cryptocurrency-based terror funding.

Investigators claimed blockchain analysis uncovered an international financial network allegedly used to launder proceeds from dark web narcotics trade and facilitate transactions linked to terrorist organisations.

The newly arrested accused, identified as Hadiraja Sarani (23) and Mohmand Zamin Abbasali Jigar (36), both from Bhavnagar, allegedly used the KYC credentials of Sabbir Ali Sarani to create a Binance wallet.

According to police, the accused received 5,000 USDT, described as “dirty crypto”, through layered transactions originating from wallets allegedly linked to sanctioned networks. The funds were allegedly routed and converted to support unlawful financial activities.

The accused have been booked under various provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act related to organised crime, criminal conspiracy, cyber fraud and identity-related offences. The investigation is ongoing. DeshGujarat