India’s financial crime watchdog has intensified its scrutiny of digital asset misuse after arresting two relatives linked to a large-scale Bitcoin fraud in Gujarat. The Enforcement Directorate (ED) is investigating an alleged crypto laundering network involving nearly Rs. 240 crore, highlighting how virtual assets are increasingly being used to obscure illicit money flows. The case… Continue reading Gujarat Crypto Crackdown: Enforcement Directorate Uncovers Rs. 240-Crore Bitcoin Laundering Network
Tag: Scandal
Old Scams, New Coins: How Crypto Fraudsters Engineered Rs. 5,800-Crore Losses Using Familiar Deceptions
Cryptocurrency-related fraud has surged sharply, with criminals siphoning off nearly Rs. 5,800 crore from unsuspecting individuals by repackaging traditional scams for the digital age. Despite the technological sophistication of blockchain, many of the most successful crypto crimes relied on age-old tactics such as impersonation, social engineering, fake investment schemes, and emotional manipulation. The losses highlight… Continue reading Old Scams, New Coins: How Crypto Fraudsters Engineered Rs. 5,800-Crore Losses Using Familiar Deceptions
Scandals and State Scrutiny Rekindle China’s Debate on the Future of Cryptocurrencies
A fresh wave of scam and corruption cases has reignited debate in China over the long-term role of cryptocurrencies in the world’s second-largest economy. High-profile investigations involving fraudulent schemes and misuse of digital assets have sharpened regulatory concerns, even as blockchain technology continues to attract institutional and policy interest. The developments underscore a persistent tension… Continue reading Scandals and State Scrutiny Rekindle China’s Debate on the Future of Cryptocurrencies
Punjab-Based Crypto Fraudster Arrested by Delhi Police in Multi-Crore Investment Scam
In a significant breakthrough, the Delhi Police have apprehended a Punjab-based individual accused of orchestrating a large-scale cryptocurrency scam that defrauded dozens of investors. The accused allegedly lured victims with promises of high returns through digital currency trading schemes, eventually siphoning off substantial funds before vanishing. The arrest marks a crucial development in India’s ongoing… Continue reading Punjab-Based Crypto Fraudster Arrested by Delhi Police in Multi-Crore Investment Scam