Gujarat CID Arrests Another Accused in Crypto Racket Linked to Terror Funding

Gujarat CID Crime's Cyber Centre of Excellence has made another significant arrest in an ongoing investigation into an alleged international cryptocurrency syndicate. Ghulamali Qureshi, a resident of Mirzapur in Ahmedabad, was arrested for allegedly operating illegal cryptocurrency transactions and converting 'dirty crypto' into USDT through peer-to-peer platforms and mule bank accounts.

According to investigators, the accused had been involved in transactions worth nearly Rs 2 crore using Monero, an anonymous cryptocurrency often associated with dark web activities. The investigation also uncovered links between the accused and entities sanctioned by international agencies, including those designated by the United States Office of Foreign Assets Control (OFAC) and Israel's National Bureau for Counter Terror Financing (NBCTF).

The probe found that funds from the platform 'ARTEMISLAB.CC' had been transferred into cryptocurrency wallets operated from Gujarat, including one belonging to Mohsin Molani. Further analysis revealed financial transactions with wallets belonging to nine other users in India.