India’s Growing Crypto Scam Network: $1.4M BTCFUND Case
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On 31 July 2026 India’s Enforcement Directorate provisionally attached assets worth ₹8.54 crore (~$895,730) from Hemant Ishwar Sharma in a Bitcoin scam tied to Iceland-registered BTCFUND.IS, taking the case total to ₹13.10 crore (~$1,374,174) under the PMLA. The probe found Sharma lured investors with false high-return claims and a funded lavish lifestyle, highlighting growing crypto investment fraud risks and raising security and compliance concerns for fundraising and investor protection in India.
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- ED has provisionally attached $895,730 from Hemant Ishwar Sharma, for a BTC scam, totaling $1,374,174.
- Sharma lured investors via BTCFUND.IS with high returns, false claims, and a funded lavish lifestyle.
- ED continues probe under PMLA as attachments recover proceeds from India’s growing BTC investment frauds.
On 31 July 2026, the Enforcement Directorate’s (ED) Dehradun office provisionally attached assets worth approximately ₹8.54 crore (about $895,730) belonging to Hemant Ishwar Sharma under the Prevention of Money Laundering Act (PMLA). The action was taken in connection with a Bitcoin (BTC) scam via Iceland-registered BTCFUND.IS, raising the case total to ₹13.10 crore (about $1,374,174).
ED Attaches Additional ₹8.54 Crore Assets in the BTCFUND.IS Case
ED’s sub zonal office issued a provisional attachment order PMLA, 2002, attaching assets worth a…
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$ 64.15K
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Что в фокусе у трейдеров?
Поделиться:
В этой новости
Монеты
$ 64.15K
+0.51%Рынки предсказаний
Что в фокусе у трейдеров?
Поделиться:
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