India's Enforcement Directorate (ED) has conducted raids across 21 locations in Karnataka, Maharashtra, and New Delhi, dismantling a fraudulent crypto investment network that has been operational since 2015. The scam involved fake websites such as goldbooker.com and cryptobrite.com, which used celebrity images to attract investors with promises of high returns.
The investigation revealed that the group funneled funds through crypto wallets, peer-to-peer transfers, and hawala networks. Authorities have issued warnings to the public, emphasizing that not all cryptocurrency projects are legitimate or safe investments.
India's Enforcement Directorate Cracks Down on Long-Running Crypto Scam
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
