ED Seizes ₹8.46 Crore in Cryptocurrency-Linked Cyber Scam

India’s Enforcement Directorate (ED) has frozen over ₹8.46 crore held across 92 bank accounts, linked to a major cryptocurrency scam that exploited fake e-commerce platforms and fraudulent mobile apps. The action, taken under the Prevention of Money Laundering Act (PMLA), aims to dismantle illicit financial flows connected to this cyber fraud case. officials from the ED’s Hyderabad Zonal Office initiated this investigation after various FIRs were registered by the Kadapa Police for offences related to cheating and IT violations, alongside additional cases filed in different states across India.