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Crypto India: ED Probes $35 Million OTC Crypto Scam

Coinpedia·July 21, 2026·1 min read
Crypto India: ED Probes $35 Million OTC Crypto Scam

India's Enforcement Directorate (ED) is investigating a $35 million over-the-counter (OTC) crypto investment scam involving discounted token offerings. The accused allegedly used Telegram groups and false credentials to attract investors but failed to deliver promised tokens. Searches on July 18-19 led to seizure of digital assets. The probe focuses on money laundering linked to the scheme.

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