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## Two Men Arrested for Stealing Rs 1.57 Crore from Cryptocurrency Wallet

The cyber wing of the Pune city police made a significant arrest of two individuals accused of stealing a whopping Rs 1.57 crore from another person’s cryptocurrency wallet. The arrested individuals were identified as Pavankumar Tatvavedi and his brother Pankaj Tatvavedi, both hailing from Rajasthan.

Allegedly, Pavankumar lured the victim, a former businessman, into investing in cryptocurrency trading with promises of substantial profits. The police, in a press release, revealed that Pavankumar advised the victim to acquire a “Ledger Nano Wallet” and, under the guise of guiding him on how to save cryptocurrency into the wallet, fraudulently obtained the wallet’s user ID and a 24-character “password key.”

Subsequently, the accused misused the stolen password to transfer the victim’s cryptocurrency to another ledger wallet. The victim promptly filed an FIR at the Cyber police station, citing sections 419, 420, 406, and 34 of the Indian Penal Code relating to fraud and criminal breach of trust.

The investigation uncovered Pavankumar’s trip to Dubai, followed by his return to India. Upon receiving information that the accused was planning to travel to Pune from Jodhpur, the cyber police launched an operation and successfully apprehended Pavankumar at the Pune International Airport.

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