ED files prosecution complaint in $20 million crypto fraud case
The Enforcement Directorate has filed a prosecution complaint in a $20 million cryptocurrency fraud case. The investigation revealed that the accused and associates allegedly created and operated fake websites mimicking the legitimate Coinbase platform to deceive victims.
The fraudsters used the counterfeit platforms to obtain login credentials and personal details from unsuspecting investors. The case highlights the growing threat of cryptocurrency-related scams targeting Indian citizens through sophisticated phishing and impersonation tactics.
