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ED & FBI Teamed Up for $30 Billion Cryptocurrency Scam

by admin
April 30, 2024
in Cryptocurrency
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ED & FBI Teamed Up for $30 Billion Cryptocurrency Scam
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Indian authorities, together with the FBI, teamed as much as cease an enormous rip-off price Rs 3,000 crore ($30 billion) involving digital cash in Uttarakhand. This teamwork led to the arrest of two suspects accused of working a world drug group.

The Enforcement Directorate (ED) began checking into the case in August 2023. With assist from US authorities, they discovered two Indian guys, Parvinder Singh and Banmeet Singh, had been key gamers within the drug group. They caught them in Haldwani, Uttarakhand, on April 27, after doing numerous searches.

The FBI, working with the ED, seized digital cash property price about Rs 1,500 crore, linked to the legal group. In the meantime, the ED discovered essential papers wanted for the case. They shared these papers with the FBI for extra proof.

In one other search, they went to Parvinder Singh’s place in Haldwani and took computer systems and telephones, which they thought had been used within the crimes.

This teamwork between India and the US is an enormous win in opposition to cybercrime and drug dealing, exhibiting how working collectively internationally can battle these unhealthy actions.

Additionally Learn: CIFDAQ Brings Cutting-Edge Blockchain Solutions to India





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