New Delhi, March 12 (IANS) The Central Bureau of Investigation (CBI) conducted coordinated searches at 15 locations across Delhi, Rajasthan, Uttar Pradesh and Punjab in connection with a large-scale organised online investment and part-time job fraud, an official statement said on Thursday. The fraud is linked to offshore withdrawals and overseas fintech platforms, predominantly the Dubai-based “Pyypl”.The case was registered by the CBI based on inputs received from the Indian Cyber Crime Co…
Latest Cryptocurrency News & Updates
New Delhi, March 11 (IANS) The Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co-founder and Chief Technology Officer of Darwin Labs Private Limited, in connection with the multi-thousand crore GainBitcoin cryptocurrency fraud case.The case pertains to an alleged Ponzi scheme floated by Variabletech Pte. Ltd., in which investors were lured with promises of exceptionally high returns from cryptocurrency investments. The funds collected from investors were allegedly misappropri…
Ranchi, Feb 16 (IANS) The Enforcement Directorate’s Ranchi Zonal Office filed a chargesheet on Monday before the special court in Ranchi under the Prevention of Money Laundering Act (PMLA), against Maxizone Touch Private Limited and its directors, Chander Bhushan Singh and Priyanka. The case involves a large-scale multi-level marketing fraud that duped 16,927 investors across the country through a classic Ponzi scheme promising unrealistic lifelong monthly returns of 15 per cent, the ED said in …
Seoul, Feb 10 (IANS) Financial authorities began a formal investigation on Tuesday into Bithumb, a local crypto exchange, to determine how it was able to pay out over 60 trillion won ($41.2 billion) in bitcoins it apparently did not have, industry sources said.Regulators informed the crypto exchange Monday that an investigation will be conducted, three days after they conducted an on-site inspection, according to the sources, reports Yonhap news agency.”We are taking this case very seriously,” a…
Seoul, Feb 8 (IANS) Bithumb, one of South Korea’s crypto exchanges, said on Sunday it will reimburse customers who suffered losses from panic selling triggered by an internal transfer error last week.The cryptocurrency exchange mistakenly transferred 620,000 bitcoins to 249 users participating in a promotional event around 7 p.m. Friday, reports Yonhap news agency.That amounted to an average of 2,490 bitcoins worth 244 billion won ($166 million) per user. Some recipients sold the bitcoin, causin…
Patna, Feb 6 (IANS) The National Investigation Agency (NIA) has chargesheeted Md Fasi Uddin, a resident of Hyderabad, in connection with the seizure of high-quality Fake Indian Currency Notes (FICN) in Bihar, exposing a transnational counterfeit currency racket operating through Pakistan and Nepal.Md Fasi Uddin is the fifth accused to be charged in the 2024 case involving the recovery of fake currency from Banjariya in Champaran district.According to the NIA, he was an active member of an intern…
Jalandhar, Jan 31 (IANS) Acting against cyber fraudsters cheating US nationals through illegal call centres, the ED conducted searches at nine locations across Punjab, Haryana and Delhi and seized digital devices, Rs 34 lakh cash and incriminating records, an official said on Saturday.The Enforcement Directorate (ED), Jalandhar Zonal Office, conducted the search operations on Thursday under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with a money launderi…
Panaji, Jan 16 (IANS) The Directorate of Enforcement’s (ED) Panaji Zonal Office on Friday conducted search operations at 26 premises across multiple states, including Goa, Maharashtra, Kerala, Tamil Nadu, Karnataka, Odisha, and Delhi, in connection with an international narcotics trafficking and money laundering case, an official statement said.The searches, carried out under the provisions of the Prevention of Money Laundering Act (PMLA), followed the registration of an Enforcement Case Informa…
New Delhi, Jan 15 (IANS) Pakistan’s dangerous gamble with cryptocurrency has raised fresh concerns about the country’s already weakening economy, according to a new report.Nikkei Asia reports that Pakistan is rapidly expanding its footprint in the cryptocurrency space by welcoming global crypto exchanges.“Pakistan believes it has come up with a way to make government and other assets more accessible to global investors, thereby improving liquidity, but one that is raising alarm bells,” a…
Dehradun, Dec 29 (IANS) Presenting fresh evidence, the ED filed a third chargesheet before a Special Court (PMLA), Dehradun, naming the wife of a member of an international drug trafficking organisation in a case related to illegal assets, an official said. Amarpreet Kaur Chawla, wife of Banmeet Singh, was named in the fresh set of charges filed on December 24 in the Special Court (PMLA), the official said in a statement.During the investigation, the ED detected that many of the immovable proper…