India’s ED Crushes Crypto Con Artists with a Raid – Who Said Crime Doesn’t Pay? 💸🚨

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So, the ED decided to play the crypto detective-like Scooby-Doo but with more cash and less snacks.

Turns out, India’s Enforcement Directorate (ED) has cracked open a crypto scam so sleazy, even Facebook’s cat memes wouldn’t trust it. They raided nine places across Ambala, Kurukshetra, Karnal, and Chandigarh-because apparently, stopping these shady online money-movers can’t be done with just a stern look.

They managed to freeze 18 bank accounts, grab incriminating digital evidence, and confiscate over ₹22 lakh, along with ₹4 lakh in cash-just enough to buy a few pizzas or perhaps a slightly dubious investment or two. Oh, and about three crores worth of property? Found lurking in the shadowy corners where scammers hide their hideouts. Fancy that.

Apparently, four baddies-Vikas, Tarun, Kapil, and Pawan-were running Crypto World Trading Company, which is just a fancy name for “we’re stealing your money, lol.” They created fake accounts, invested the dirty money into their own and their family’s bank accounts, and made a big mess that even the best bulls-and-bears trader would call “a catastrophe.”

India’s got a crypto scam problem, and it’s not even trying to hide it anymore

Last month, the ED went all in, busting a ₹2,300 crore Ponzi scheme led by a guy who apparently thought he could outrun the law-by fleeing the country, of course. The scam involved fake crypto platforms promising the moon, but delivering only clouds of suspicion and a headache for investors.

They documented shell companies, fake celebrity endorsements, AI-produced content that even AI might be embarrassed by, and a lot of money flowing into private accounts-because what’s more fun than laundering cash in your pajamas?

And just to add insult to injury, they uncovered a massive net of 26 fake crypto sites, all trying to convince you to part with your hard-earned cash-only to disappear faster than your last Tinder date.

These clowns used everything from social media hype to foreign accounts, with the occasional hawala thrown in-because apparently, they think they’re the next big Hollywood heist. Spoiler alert: They’re not, but at least the ED is on it.

So yeah, it’s a good day for investors and a bad day for con artists. The ED’s out here showing that even crypto scams aren’t safe from a good old-fashioned raid-and maybe, just maybe, their next move will involve a Netflix series.

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2025-12-31 15:57