cryptocurrency scam
ED Uncovers Massive Rs 2,300 Crore Cryptocurrency Ponzi Scheme Across Himachal Pradesh and Punjab
Dec 14, 2025 08:14 pm CST
The Enforcement Directorate has conducted raids across Himachal Pradesh and Punjab, exposing a sophisticated Rs 2,300 crore cryptocurrency Ponzi scheme. Operating through multiple unregulated platforms, the scammers manipulated token prices and laundered proceeds through complex networks. The primary suspect, Subhash Sharma, fled India in 2023 while authorities have frozen assets and continue investigating this large-scale financial fraud.
Delhi Police Arrests Three in Rs 88 Lakh Digital Arrest and Investment Fraud Operation
Nov 25, 2025 08:12 pm CST
Delhi Police have arrested three individuals involved in a sophisticated cybercrime operation that netted over Rs 88 lakh through digital arrest threats and fake investment schemes. The suspects used police impersonation tactics and fraudulent cryptocurrency platforms to target victims, including elderly individuals, while employing multiple bank accounts to launder the stolen funds.
Chinese Fraudster Convicted in UK's Largest Bitcoin Money Laundering Case: $6.7 Billion Cryptocurrency Scheme Exposed
Sep 30, 2025 01:57 pm CST
Zhimin Qian, a 47-year-old Chinese national, has been convicted in London for orchestrating a massive cryptocurrency fraud worth $6.7 billion. After defrauding over 128,000 investors in China between 2014-2017, she converted the stolen funds into 61,000 bitcoins to hide their origins. Following a seven-year international investigation, authorities have finally brought the so-called "goddess of wealth" to justice, marking one of history's largest cryptocurrency-related criminal cases.