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India Seizes $280 Million in OctaFX Ponzi Scheme, Arrests Mastermind in Spain

India Seizes $280 Million in OctaFX Ponzi Scheme, Arrests Mastermind in Spain

Author:

Global Cryptocurrency

Published:

2025-10-18 12:37:01

18

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BTCCSquare news:

Indian authorities have confiscated $280 million linked to the OctaFX forex trading platform, arresting its alleged mastermind—a Spanish national—in a coordinated anti-money laundering operation. The scheme promised investors high returns but instead siphoned funds through layered transactions and fake import services.

Enforcement Directorate investigations reveal $96 million was laundered over nine months, with $19.4 million in assets—including a Spanish villa and yacht—tied to the case. The operation highlights cross-border crypto-enabled fraud, though no specific digital assets were directly implicated.

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