How Indian Authorities Busted an Alleged Crypto Scam Operation
Yahoo Finance·2026-01-14 11:34
India’s Enforcement Directorate (ED) has cracked down on an alleged cryptocurrency fraud operation in Maharashtra, resulting in investor losses of over Rs. 4.25 crore (approximately $472,000). The agency conducted search operations at three locations in Nagpur on January 7 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. India's ED Targets "Ether Trade Asia" in Crypto Scam Probe According to the press release, the locations were linked to Nished Mahadeo Rao Wasnik and his ass ...