CoinVoice has learned that the Enforcement Directorate (ED) of India has conducted searches at 21 locations in Karnataka, Maharashtra, and Delhi, investigating a money laundering case involving a fraudulent cryptocurrency investment platform. The investigation revealed that this criminal network operates multiple fake cryptocurrency investment platforms that impersonate real trading websites, promising exceptionally high returns to lure local and overseas investors in India. The investigation found that the scammers built trust by using celebrity photos and the guise of so-called 'cryptocurrency experts,' promoting through social media, and paying small returns to early investors to attract larger investments. The proceeds of the crime were laundered through channels such as cryptocurrency wallets, peer-to-peer transfers, shell companies, and underground money houses. The Enforcement Directorate has issued a warning to investors to stay away from several suspicious websites, including goldbooker.com and cryptobrite.com. This scam group is said to have started operating in 2015.[Original link]