CBI Investigates Major Cryptocurrency Fraud Linked to HPZ Token

India’s Central Bureau of Investigation (CBI) has launched a major investigation into a suspected international cryptocurrency fraud involving the HPZ token, as part of its ongoing operation ‘Chakra-V’. Officials estimate that hundreds of crores of rupees were illegally swindled from investors by phony schemes marketed as loans, jobs, investments, and cryptocurrency opportunities. The scam is believed to have taken place between 2021 and 2023, with fraudulent companies operating in India under the direction of foreign individuals.