octafx

🚨 BREAKING: 🇮🇳 ED, Mumbai issues provisional attachment order, freezing ₹2,385 Cr worth of cryptocurrencies linked to OctaFX fraud case. Investigation under PMLA, 2002 reveals unauthorized forex trading platform defrauded investors with false high-return promises. Total assets attached: ₹2,681 Cr, including 19 immovable properties and a luxury yacht in Spain owned by arrested Pavel Prozorov. #OctaFX #fraud #ED

🇮🇳 India freezes $270 million in crypto assets OctaFX🤯

The Indian Enforcement Directorate (ED) froze crypto assets worth ₹ 2,385 crore (~$270 million) on October 17, 2025, related to the OctaFX case.

📉 The investigation revealed a large-scale fraud scheme — from July 2022 to April 2023, the company misappropriated over ₹ 1,875 crore of investors' funds through fake Forex platforms and crypto transfer channels.

👤 The main suspect, Pavel Prozorov, has been arrested in Spain. India has already initiated extradition proceedings.
The total amount of seized and frozen assets in the case has reached ₹ 2,681 crore (~$303 million).

⚖️ This operation is another signal that India is intensifying its control over money laundering in the crypto sector.

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