Wu said he learned that the Enforcement Directorate (ED) Bangalore office searched multiple locations from July 18 to 19 under the Prevention of Money Laundering Act (PMLA) to investigate a virtual digital asset over-the-counter (OTC) fraud case. The individuals involved are allegedly lured foreign investors by offering tokens at a discount, including MultiversX, Kava, BEAM, GRASS, SUI, VANA, AGLD, and others. Law enforcement has seized digital devices and virtual digital assets worth about 8,700 USDT, and the case is still under investigation.