ED Seizes Rs 8.46 Crore in Crypto-Linked Cyber Fraud in Hyderabad

ED seizes Rs 8.46 crore in crypto-linked cyber fraud in Hyderabad

According to the ED, fraudsters targeted victims via WhatsApp, Telegram and bulk SMS campaigns, offering high commissions and quick returns.

ED Flags Misuse Of CoinDCX Accounts In Cyber Fraud Money Trail

The Enforcement Directorate’s (ED) Hyderabad Zonal Office has provisionally attached INR 8.46 Cr across 92 bank accounts — including those linked to CoinDCX and multiple crypto wallets — under the PMLA (2002), as part of its probe into a nationwide cyber fraud network built on fake ecommerce platforms and deceptive investment apps. According to the agency, proceeds of crime worth INR 285 Cr were routed through more than 30 short-lived bank accou…

India’s Central Bank Maintains Cautious Stance on Crypto

The Reserve Bank of India (RBI) is taking a cautious stance on cryptocurrencies and stablecoins, Governor Sanjay Malhotra said on Thursday, 20 November. Sanjay Malhotra “Stablecoins, cryptos, they have a huge risk, and so we are adopting a very cautious approach towards it,” he noted in a memorial lecture at the Delhi School of Economics. “But at the same time, when it comes to digital innovations like UPI (unified payments interface) or digital…

India’s ED Probes Cyber Fraud Network Allegedly Routing Funds Through USDT on CoinDCX

The post India’s ED Probes Cyber Fraud Network Allegedly Routing Funds Through USDT on CoinDCX appeared on BitcoinEthereumNews.com. India’s Enforcement Directorate has attached ₹8.46 crore in bank accounts and cryptocurrency wallets linked to a massive cyber-fraud scheme involving fake apps and investment scams. The operation laundered ₹285 crore through banking channels and platforms like CoinDCX, targeting victims nationwide. ED’s Hyderabad of…

India's ED Exposes ₹285 Crore Crypto Driven Scam

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ED uncovers ₹285 crore fraud using fake apps, multilayered bank accounts, and crypto routes

India’s Enforcement Directorate (ED) has raised its investigation into a nationwide cyber-fraud operation after identifying a large money-laundering network that routed criminal proceeds through traditional banking channels and cryptocurrency platforms. The agency’s Hyderabad Zonal Office has attached ₹8.46 crore held across 92 bank accounts, including financial balances connected to CoinDCX and a selection of crypto wallets. Officials report th…