DOWNLOAD IPFS Authorities have arrested the director of a Bareilly-based company for allegedly leasing out his firm’s bank account to cybercriminals involved in a sophisticated cryptocurrency-linked money laundering operation. The scam, which spanned multiple states, resulted in the illegal transfer of approximately ₹3.2 crore, later converted into USDT (Tether) and[Read More…]

DOWNLOAD IPFS CoinDCX, one of India’s largest cryptocurrency exchanges, has confirmed a security breach involving one of its internal operations accounts, following the detection of unusual transactions earlier this week. The exchange has assured users that all customer funds remain secure and unaffected. The incident came to light after CoinDCX’s[Read More…]

DOWNLOAD IPFS The Delhi High Court on Monday rejected the bail plea of Umesh Verma, a prime accused in the high-profile cryptocurrency fraud case linked to Pluto Exchange, citing the economic threat posed by such offenses and the accused’s history of fraudulent activity. Verma, who was arrested for allegedly orchestrating[Read More…]

DOWNLOAD IPFS In a major step toward safeguarding national tax interests in the age of digital assets, India is set to adopt the Crypto-Asset Reporting Framework (CARF), a global reporting standard aimed at increasing transparency in cryptocurrency transactions. The move will be implemented through an amendment to the Income Tax[Read More…]