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ED Freezes ₹2,385 Crore in Crypto Assets Linked to OctaFX Forex Scam

ED Freezes ₹2,385 Crore in Crypto Assets Linked to OctaFX Forex Scam

Author:

Global Cryptocurrency

Published:

2025-10-21 10:18:02

18

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BTCCSquare news:

The Enforcement Directorate (ED) has seized cryptocurrencies worth ₹2,385 crore in connection with a Ponzi-style fraud tied to the forex trading platform OctaFX. The Mumbai unit's investigation led to the arrest of the alleged mastermind behind the scheme.

Authorities have not disclosed the specific cryptocurrencies involved, but the seizure underscores the growing regulatory scrutiny of digital assets in financial fraud cases. The scale of the frozen assets highlights the potential misuse of crypto in large-scale scams.

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