Saturday, 18 October, 2025
ED Seizes ₹2,385 Crore in Crypto Assets
The Enforcement Directorate (ED) has attached cryptocurrency assets worth ₹2,385 crore linked to the OctaFX Ponzi scheme, which defrauded Indian investors through unauthorized forex trading. The alleged mastermind, Pavel Prozorov, was arrested in Spain for orchestrating a multi-country financial fraud network. The ED's investigation revealed a complex web involving shell companies across multiple countries, illicit fund transfers, and reintroduced funds into India as foreign direct investment.
Read full story at Money Control