India’s fight against digital financial crime received a major boost as the Enforcement Directorate ED provisionally attached ₹8.46 crore across 92 bank accounts marking a decisive step against a vast cyber fraud network exploiting fake e commerce and investment apps. The move reflects the growing sophistication & coordination in India's cybercrime enforcement ecosystem.

• ED’s Action & Investigation Overview
• How the Scam Operated Across India
• Crypto Trail Hawala Links & Financial Insights

ED’s Action & Investigation Overview

The Enforcement Directorate’s Hyderabad Zonal Office provisionally attached ₹8.46 crore held across 92 bank accounts including those connected to crypto platforms such as CoinDCX and other wallets. This action was taken under the Prevention of Money Laundering Act PMLA 2002 following multiple FIRs registered by Kadapa Police under IPC 420 and IT Act Sections 66 C & 66 D.

The case involves widespread cyber fraud executed through fake mobile apps and e commerce task schemes.

How the Scam Operated Across India

The investigation revealed a pan India scam network using fake part time job schemes and fraudulent investment applications such as NBC App Power Bank App HPZ Token RCC App Making App and others. Fraudsters used WhatsApp Telegram and bulk SMS to lure victims with promises of high commissions. Victims were asked to deposit money into app wallets via UPI after which small initial profits were credited to build trust.

Eventually once substantial deposits accumulated withdrawal attempts consistently failed. Scamsters then claimed taxes or clearance fees were required before disappearing entirely shutting down apps deactivating accounts and cutting all communication.