The number of arrests in a Rs 40 crore cryptocurrency fraud in Nagpur in which over 2,000 investors were duped reached 11 on Sunday, a day after the main accused, his wife and two associates were held from Lonavala in Pune, police said.

An official said main accused Nishid Wasnik used to flaunt his luxurious lifestyle to get people to invest in a firm that he claimed was dealing in 'ether' cryptocurrency.