Lost your phone? Know how it’s ringing in riches for an entire shadow industry

Criminal networks are cashing in on the booming trade of stolen mobile phones, fueling a lucrative multi-crore underground market. These operations dismantle devices for their components or sell unlocked phones in the grey market. Street thefts are often conducted by youths and repeat offenders. However, advancements in technology have recently improved the recovery rate of these stolen devices.
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