Cryptocurrency

2024

when

Billion

Indian authorities, along with the FBI, teamed up to stop a big scam worth Rs 3,000 crore ($30 billion) involving digital money in Uttarakhand. This teamwork led to the arrest of two suspects accused of running an international drug group. 
The Enforcement Directorate (ED) started checking into the case in August 2023. With help from US authorities, they found two Indian guys, Parvinder Singh and Banmeet Singh, were key players in the drug group. They caught them in Haldwani, Uttarakhand, on April 27, after doing lots of searches. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Crypto Scam! How FBI and ED teamed up to bust Rs 3,000 crore fraud&nbsp;–&nbsp;Details<a href="https://t.co/Zc7a3oHmmu" target="_blank" data-wpel-link="external">https://t.co/Zc7a3oHmmu</a>— ET NOW (@ETNOWlive) <a href="https://twitter.com/ETNOWlive/status/1784879900597342378?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 29, 2024</a>
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The FBI, working with the ED, seized digital money assets worth about Rs 1,500 crore, linked to the criminal group. Meanwhile, the ED found important papers needed for the case. They shared these papers with the FBI for more evidence. 
In another search, they went to Parvinder Singh’s place in Haldwani and took computers and phones, which they thought were used in the crimes. 
This teamwork between India and the US is a big win against cybercrime and drug dealing, showing how working together internationally can fight these bad activities. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/21/cifdaq-brings-cutting-edge-blockchain-solutions-to-india/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">CIFDAQ Brings Cutting-Edge Blockchain Solutions to India</a> 
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ED & FBI Teamed Up for $30 Billion Cryptocurrency Scam

The Crypto Times

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