Indian Authorities Freeze ₹500 Crore Linked to Major Crypto Scam

  Indian authorities have frozen approximately ₹500 crore ($60 million) in virtual accounts connected to major payment gateways like Paytm, Razorpay, and PayU, as part of an investigation into a significant cryptocurrency scam involving Chinese nationals. The scam, centered around the HPZ Token, defrauded investors of over ₹2,200 crore ($264 million) by promising high returns from cryptocurrency mining. The Enforcement Directorate (ED) is scrutinizing multiple payment providers for failing to report suspicious transactions