Indian authorities register case against seven for a ₹350 crore cryptocurrency fraud, seizing assets.

The CBI has registered a case against seven individuals for their alleged involvement in a ₹350 crore cryptocurrency Ponzi scheme. Authorities searched 10 locations across seven states, seizing cash and digital assets worth about $38,414 in cryptocurrency wallets. The accused operated fraudulent schemes promising high returns and promoted them through social media without regulatory approval. The investigation is ongoing.

2 months ago
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