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$254M Crypto Ponzi Busted in India
Crypto Lifestyle
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Indian authorities launched a major operation against a crypto Ponzi scheme that reportedly defrauded investors of $254 million.
The Directorate of Enforcement conducted searches across Himachal Pradesh and Punjab.
Platforms involved: Korvio, Voscrow, DGT, Hypenext, A-Global.
Scheme mastermind Subhash Sharma fled India in 2023.
Officials say investors were lured with false promises of high returns, while proceeds were laundered through cash, shell companies, and real estate.
