Crypto Scam Suspects Lose Lavish Bungalow as India Seizes Assets

Indian authorities have seized a luxurious hotel property worth $3.5 million belonging to a suspected cryptocurrency scammer, highlighting the ongoing crackdown on illicit financial activities in the country. The Enforcement Directorate (ED), part of India’s financial investigation agency, has taken possession of 60 hotel rooms and vacant land in Rameswaram town, Tamil Nadu, reportedly linked to TP Global FX, an illegal forex trading platform that defrauded thousands of investors.