India's Enforcement Directorate (ED) has frozen cryptocurrency assets valued at 23.85 billion rupees (approximately $270 million) linked to the OctaFX scam. This action increases the total seized and frozen assets in the case to 26.81 billion rupees. The main suspect, Pavel Prozorov, has been arrested in Spain, with extradition proceedings underway. The investigation uncovered that OctaFX defrauded Indian investors of 18.75 billion rupees from July 2022 to April 2023 via an unauthorized forex trading platform. The scheme involved using shell companies and cryptocurrencies to transfer funds. Previously, the ED seized physical assets, but this latest freeze highlights the use of cryptocurrencies in laundering activities.