Researchers Expose Massive Online Fake Currency Operation in India

Cybersecurity researchers at CloudSEK’s STRIKE team used facial recognition and GPS data to expose a massive, over $2 million, fake currency operation in India. This report details the exposure of individuals and their activities on Facebook and Instagram.

A large-scale counterfeit currency operation is reportedly circulating fake notes worth millions of dollars, which has been brought to light by cybersecurity firm CloudSEK. Its investigation, shared with Hackread.com, CloudSEK’s STRIKE team has not only calculated the vast spread of this illicit trade, estimated at ₹17.5 crore (over $2 million) in fake Indian currency over just six months (December 26, 2024, to June 26, 2025), but has also managed to identify and pinpoint key individuals behind it.

The unique aspect of this exposé lies in the direct attribution of culprits. Using digital forensics, GPS data, and facial recognition technology, CloudSEK has identified and located major players across the ...