Odaily Planet Daily News: The Indian Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud gang targeting foreigners. The Indian Enforcement Directorate (ED) announced on Friday that it had conducted searches on Prafful Gupta and his accomplices at various locations in Delhi, Haryana and Kanpur (Uttar Pradesh) on June 6 in connection with an investigation into a cyber fraud case targeting foreigners. The investigation began with a preliminary information report (FIR) filed by the Indian Central Bureau of Investigation (CBI) against Gupta and other defendants. The defendant persuaded the victim to transfer $400,000 into a cryptocurrency account, claiming that her bank account was unsafe. An unauthorized remote access created a cryptocurrency account in her name. The transferred funds were converted into cryptocurrency and dispersed to various accomplices. The Enforcement Directorate further revealed that the search operation led to the seizure of digital evidence, the freezing of fixed deposits (FDs) of 725 million rupees ($880,000), and the seizure of jewelry worth 3.5 million rupees ($42 million). The investigation is still ongoing. (News.bitcoin)
