The Special Investigation Team (SIT) of the Himachal Pradesh Police has conducted searches at 35 locations in Himachal Pradesh, Punjab, and Chandigarh in connection with cryptocurrency fraud cases. The searches resulted in the recovery of crucial evidence, including documents, property records, and digital devices. The fraudsters from Himachal Pradesh's Mandi district created a local cryptocurrency and duped thousands of people of hundreds of crores of rupees.