The Mumbai zonal office of the directorate of enforcement (ED) has attached cryptocurrency assets worth around Rs2,385 crore under the Prevention of Money Laundering Act (PMLA), 2002, as part of its ongoing investigation into the unauthorised forex trading platform OctaFX. The agency also confirmed that the alleged mastermind, Pavel Prozorov, has been arrested in Spain by the local police for his involvement in cybercrimes affecting multiple countries. According to ED, the probe was initiated based on a first information report (FIR) registered by Shivaji Nagar police station in Pune, Maharashtra, against several individuals for defrauding investors by promising unusually high returns through the OctaFX trading platform. Investigations revealed that OctaFX systematically cheat
ED Attaches Rs2,385 Crore in Cryptocurrency Linked to OctaFX Forex Scam; Mastermind Arrested in Spain

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