Operation Octopus 2.0 Cracks Nationwide Cyber Fraud Network in Major Hyderabad Police Breakthrough
Hyderabad cyber crime police dismantle a massive cyber fraud network across nine states uncovering bank links arrests and illegal transactions worth 150 crore in a coordinated nationwide operation.
- Operation Octopus 2.0 success exposes cyber fraud network
- Hyderabad cyber police crackdown leads to multiple arrests
- Nationwide cyber fraud network busted across nine states
A massive cyber fraud network operating across multiple states has been dismantled in a high impact operation led by Hyderabad cyber crime police, marking a significant step in tackling digital financial crimes.
The operation, named Operation Octopus 2.0, was carried out simultaneously in nine states, where special police teams conducted coordinated raids and arrested dozens of individuals linked to organized cyber fraud activities. Investigators revealed that the network was responsible for large scale financial scams targeting unsuspecting victims across the country.
In a surprising development, officials found that the fraud network had support from insiders within the banking system. Several bank employees were allegedly involved in facilitating illegal transactions by helping open and manage fraudulent accounts used to divert stolen money.
A total of 52 suspects have been taken into custody so far, including a significant number of bank officials. Along with them, individuals operating mule accounts and intermediaries who connected fraudsters to banking channels were also arrested as part of the crackdown.
The investigation uncovered that the accused used hundreds of bank accounts to route and conceal illicit funds. These accounts were linked to hundreds of cyber crime cases reported nationwide, highlighting the scale and coordination behind the network.
Police said the fraudsters used various methods including fake investment schemes, trading scams and threats under the guise of digital arrests to extort money from victims. The total value of the fraud is estimated to be around 150 crore.
Authorities emphasized that the operation involved meticulous planning and intelligence gathering, with multiple cyber teams working together to track the flow of money and identify key players behind the network.
With Operation Octopus 2.0, Hyderabad cyber police have once again demonstrated their growing role in addressing complex cyber crimes, while investigations are expected to continue to trace further links and recover funds.
