ED seizes worth Rs 1,646 crore crypto fund in major money laundering probe

The Enforcement Directorate (ED) has seized its largest-ever cryptocurrency haul, valued at Rs 646 crore, as part of a large-scale money laundering investigation into a fraudulent investment scheme that duped numerous depositors under the guise of securities investment, official sources said.

The federal agency’s Ahmedabad office also seized Rs 3.50 lakh in cash, an SUV, and multiple digital devices following fresh searches conducted on Saturday. The case involves the alleged fraudulent and unregistered sale of securities through the ‘BitConnect lending program.’