India's ED files a charge-sheet against 299 entities, including 76 Chinese-controlled, for alleged fraudulent Bitcoin mining activities, duping investors and using a mobile app "HPZ Token".
India's Enforcement Directorate (ED) has filed a charge-sheet against 299 entities, including 76 Chinese-controlled entities, in an investigation linked to alleged fraudulent Bitcoin mining activities. The ED claims that these entities duped investors by promising astronomical returns through Bitcoin mining, and used a mobile application called "HPZ Token" to carry out their fraudulent activities. The case against these entities stems from an FIR filed by Kohima Police's Cyber Crimes Unit, and the ED has seized assets and deposits worth Rs 455 crore during countrywide searches.
March 06, 2024
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