India Cracks Down on $254M Crypto Ponzi

[cryptohog]

Indian authorities targeted a multi-platform crypto Ponzi scheme that allegedly defrauded investors of around $254 million. The Directorate of Enforcement conducted searches across Himachal Pradesh and Punjab, freezing assets and uncovering digital and physical evidence of large-scale fraud.

[Abdul Khan]

Strong enforcement actions send a clear message to crypto scammers.

[Nahid Hossen]

Crackdowns like this help restore confidence in the market.

[Nahid Hossen]

As blockchain adoption grows, prediction markets offer a new financial primitive that traditional systems can’t match.