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₹2,300 Crore ($275M) Crypto Scam Busted: A Reality Check for Investors

The ED has busted a ₹2,300Cr ($275M) crypto-based Ponzi/MLM scam across Himachal Pradesh and Punjab. Raids were conducted at 8 locations, with lakhs of investors impacted.

How the Scam Worked
▪️ Fake crypto platforms: Korvio Coin, DGT Coin, Voscrow, Hypenext
▪️ Manipulated token prices on fake websites
▪️ MLM-style commissions
▪️ Promised 10% monthly “guaranteed” returns

Key Facts
▪️ Scam running since 2018
▪️ ~1 lakh victims, including 1,000+ police personnel
▪️ Mastermind Subhash Sharma absconding since 2023
▪️ Earlier: 80+ arrests, ₹37 cr seized
▪️ ED now probing under PMLA

Investor Warning
▪️ Guaranteed returns + crypto + referral income = Ponzi Scam.
▪️ There is no fixed return in crypto. Always verify before investing.

👉 Stay alert. Share to spread awareness.

#ED #CryptoNews

🚨 BIG CRYPTO UPDATE: INDIA CRACKS DOWN ON UNREPORTED CRYPTO INCOME

🇮🇳 Enforcement Directorate (ED) has frozen crypto assets worth ₹4,190 Cr, while the Central Board of Direct Taxes (CBDT) has uncovered ₹888.82 Cr in undisclosed crypto income.

Why?
Crypto earnings were not reported in Income Tax Returns.

Crypto is legal in India
Tax evasion is NOT

As regulations tighten, compliance is becoming non-negotiable.

💬 Question for you:
Are you filing your crypto income properly — or still risking penalties by ignoring it?

$BTC
#Tax #ED #CBDT #BİNANCESQUARE #CryptoCompliance

🚨 BREAKING: 🇮🇳 #ED freezes ₹42.8 Cr assets of Chirag Tomar, jailed in the #US for a $20M #crypto phishing scam via fake #coinbase sites.
#IndiaCrypto

🚀 URGENT ALERT: $EDU is about to EXPLODE!

Entry: 0.160 – 0.166 🟩
Target 1: 0.170 🎯
Target 2: 0.176 🎯
Target 3: 0.183 🎯
Stop Loss: 0.154 🛑

Don’t miss out on this golden opportunity! The momentum is building, and the time to act is NOW! Get in before the wave hits! 🌊

#Crypto #Trading #FOMO #ED #InvestSmart

⚠️ Disclaimer: Trading involves risk. Always do your own research.

🚨 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

ED raids in Gujarat, Maharashtra(india )in ₹100-crore cyber ‘fraud’ case.
#India #FraudAlert #news #BinanceSquareFamily #ED $SOL $BNB $XRP