Five individuals were arrested in Hyderabad for allegedly robbing ₹25 lakh in cash during a planned in-person purchase of the stablecoin Tether (USDT). The incident occurred on October 11 at an office in Bazarghat, Nampally, where the suspects used pepper spray and physical force before fleeing. Police recovered ₹11.5 lakh and three mobile phones from the group after their arrest on October 17. The case is registered under Section 310(2) of the Bharatiya Nyaya Sanhita, highlighting risks in physical cryptocurrency transactions.
The Hyderabad Police arrest in a robbery involving Tether (USDT) is presented here with market data for context. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 18, 2026 16:51 WIB: of 50 major cryptocurrencies priced on Pluang, 9 rose and 40 fell today. Kusama (KSM) was down 4.75% at Rp75.624 with 57% sell orders, Synthetix (SNX) fell 4.63% to Rp3.833 with 95% buy orders, and Zilliqa (ZIL) dropped 4.52% to Rp41 with 71% buy orders.
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