ED uncovers Rs 600 crore crypto fraud, freezes Rs. 2.18 crore in search operations
New Delhi, Feb 24 (IANS) The Directorate of Enforcement (ED) has conducted a series of search operations across Delhi, Jaipur, and Mumbai, under the provisions of the Foreign Exchange Management Act (FEMA). The operations were part of an investigation into a large-scale cryptocurrency fraud, involving the conversion of crypto assets worth approximately Rs. 600 crore at various Indian crypto exchanges, says a press release issued by the agency here on Monday.