The Economic Offences Wing of the State Crime Branch has uncovered a nationwide cryptocurrency scam run by STA Token, a company that lured more than 2 lakh people and collected more than ₹1,000 crore under the guise of cryptocurrency investments. The company was alleged to be involved in unlawful multi-level marketing, and money circulation without Reserve Bank of India authorization. Two of the company s officials, Gurtej Singh Sidhu and Nirod Das, were arrested for orchestrating the Ponzi scheme, and the EOW seized their accounts, which had unusual cash deposits exceeding ₹15 crore.