Investigators from Jammu & Kashmir and Mumbai reported arresting a man nicknamed “Dr. Morphine,” accused of masterminding an online crypto‑investment fraud that has so far yielded traced proceeds of about Rs 209 crore. Authorities say the network used fake crypto sites, social‑media promotion, identity theft and mule accounts to move funds.

Police in Mumbai and Jammu & Kashmir say they have arrested an alleged ringleader of a wide‑ranging online crypto‑investment scam nicknamed in reporting as “Dr. Morphine.” Investigators allege the operation used bogus cryptocurrency websites, aggressive social‑media promotion, impersonation and identity theft to recruit investors and collect funds, and that mule bank accounts were used to layer and move proceeds domestically and overseas. So far authorities report they have traced roughly Rs 209 crore to accounts and transactions tied to the scheme, while warning the true total may be substantially higher and that further arrests and asset tracing remain ongoing. Police statements indicate a multijurisdictional investigative effort to map the network’s financial flows and identify facilitators, platform operators and overseas recepients, with prosecutors preparing charges and seeking mutual‑legal‑assistance where needed to freeze assets and recover victim funds.