India's Enforcement Directorate Seizes Assets Worth Over $895,000 in BTC Scam
India's Enforcement Directorate has attached assets worth approximately ₹8.54 crore (about $895,730) from Hemant Ishwar Sharma in connection to a Bitcoin scam via Iceland-registered BTCFUND.IS.
The probe found that Sharma lured investors with false high-return claims and a funded lavish lifestyle, highlighting growing crypto investment fraud risks in India.
According to reports, the total case amount now stands at ₹13.10 crore (about $1,374,174) under the Prevention of Money Laundering Act (PMLA).