The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countries of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using. Ofc there are lot of scam, and a lot of are recovered but the problem is not even that there are a lot of them, but that the government looks at these cases and, in general, with distrust even refers to the blockchain technologies themselves, which in fact do no evil to anyone. People must separate cause and effect. A blockchain is not the cause of fraud. It occurs when general market rules are not created.
I am happy to note that people in the government of India area really serious in running after scammers. Actually this is not the first time I heard about an incident where scammers are brought to justice and have them face the music of what they did. Frankly speaking, it is not that easy to run after scammers so congratulations to the Indian government for this nice achievement and may this inspire other countries to also be strong in following and running after scammers.