India's Central Bureau of Investigation (CBI) has frozen cryptocurrency assets worth $122,000 linked to a Florida bank impersonation scam. The action was taken at the request of the U.S. Department of Justice. The funds were traced to a WazirX account belonging to Punam Jaiswal, an Indian national who has passed away. The CBI suspects these assets may include proceeds from financial crimes and has moved to attach both the cryptocurrency and Indian rupees involved.
This case underscores the increasing collaboration between India and the United States in combating cryptocurrency fraud and enforcing digital asset regulations. The CBI's involvement highlights the international effort to address and mitigate the risks associated with digital currencies.
India's CBI Freezes $122K in WazirX Crypto Assets Tied to U.S. Scam
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