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Big ED action: Raids in cryptocurrency scam case in haryana, wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital assets worth Rs 17.20 crore seized
ED Action In Cryptocurrency Scam Case: In the last few years, many scams related to cryptocurrency have come to light in India. This action has given a big blow to those who commit fraud in the name of cryptocurrency.
Cryptocurrency Scam Case
The chandigarh Zonal office of the Enforcement Directorate (ED) took major action in the cryptocurrency scam and raided 6 different places in haryana on 24 february 2025. This raid was conducted under the Prevention of Money Laundering Act (PMLA), 2002.
ED gets important clues, and digital assets worth crores are seized
During the raid, the ED seized several mobile phones and cryptocurrency worth Rs 17.20 crore kept in different wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital wallets. The investigating agency suspects that this scam is related to illegally raising money by misleading investors on a large scale.
How did the scam happen
Initial investigation has revealed that some suspicious people used to trap investors by luring them with huge profits in cryptocurrency. Social media and other online platforms were used for this. According to sources, people were lured into this scheme by telling them that they could earn double or triple their money by converting it into cryptocurrency but when investors wanted to withdraw their money, they were given a hard time.
ED investigation continues, more revelations expected
According to ED officials, the mobile phones and wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital wallets seized during the raid are being investigated. It is also being seen whether this scam is connected to any big racket or not.
Government crackdown on crypto scams in the country
In the last few years, many scams related to cryptocurrency have come to the fore in India. The government has implemented strict rules regarding crypto investment and agencies like ED are keeping a close watch on it.
This action of ED has given a big blow to those who commit fraud in the name of cryptocurrency. Also, this action is a warning to those who are using wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital assets illegally. ED's investigation is still going on and more big revelations can be made in this case in the coming days.