The Indian Financial Crime Enforcement Directorate (ED) conducted a raid on 21 locations across Karnataka, Maharashtra, and New Delhi in an anti-money laundering investigation, uncovering a long-running fake crypto investment platform network. The operation involved allegations of inducement through high returns, forged trading websites, theft of celebrity photos and "expert" images to commit fraud, and money laundering through crypto wallets, P2P transfers, shell companies, and hawala informal remittance channels. ED stated that the gang has been operating since at least 2015, targeting not only Indian investors but also overseas victims. (cryptopolitan)