CBI busts Rs 350 crore crypto ponzi scam; conducts raids across 10 locations in seven states

NEW DELHI: In a major crackdown against the crypto ponzi scheme scam, the Central Bureau of Investigation (CBI) on Friday conducted raids at 10 locations across seven states and UTs leading to the recovery of cash worth Rs 34 lakh and digital assets of US$ 38,414 approximately in the cryptocurrency wallets, officials said.

Before launching the raids the agency registered an FIR against seven accused in the case involving a scam worth Rs 350 crore, they said.