The Rise of Pahalgam-Themed Crypto Tokens: A New Frontier in Digital Finance

In the wake of the tragic Pahalgam attack in April 2025, India launched Operation Sindoor on May 7, 2025, targeting terrorist infrastructure across nine locations in Pakistan and Pakistani-administered Kashmir. This operation, aimed at dismantling networks linked to groups like Lashkar-e-Taiba and Jaish-e-Mohammed, has coincided with a new development: the emergence of Pahalgam-themed crypto tokens. These digital assets, named after the site of the attack, have sparked debate about their origins, purposes, and potential implications.