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activeCrypto / Investment FraudPan India

ED profiles 26 websites used to cheat people through cryptocurrency investment platforms

The Enforcement Directorate (ED) has uncovered a pan-India syndicate using 26 fraudulent websites to cheat investors from India and abroad. According to investigators, the accused created fake cryptocurrency investment platforms that mimicked genuine ones and advertised astronomical returns to attract victims.

State

Multiple States

First reported

December 2025

Agency involved

Enforcement Directorate (ED)

Websites identified

26 websites including goldbooker.com, fincorp.com, theapexpower.com, and others

Target audience

Indian citizens and foreign nationals

Methods of promotion

Social media, unauthorized use of famous personalities' photos, MLM structure, and referral bonuses

Fund laundering methods

Hawala, accommodation entries, and Peer-to-Peer (P2P) crypto transfers

Status

Under investigation by the ED

The full story

Everything you need to know about this case, in one place.

The syndicate allegedly targeted both Indian citizens and foreign nationals, collecting funds primarily in the form of cryptocurrency. To market their schemes and expand the fraud, the accused utilized social media platforms such as Facebook, Instagram, WhatsApp, and Telegram, while also using unauthorized photos of reputed crypto experts and famous personalities for promotions.

Investigators revealed that the syndicate used multiple crypto wallets, foreign bank accounts, and front companies to gather the proceeds of crime. Funds were reportedly transferred to India through hawala channels, accommodation entries, and peer-to-peer crypto transfers, and were subsequently used to acquire movable and immovable properties both in India and abroad.

Not yet reported: The exact total monetary value of the fraud and the specific identities or arrest details of the accused individuals were not reported.

Where the case stands

The latest position in the reports we read.

The Enforcement Directorate has profiled the websites and is investigating the syndicate's operations, fund flows, and property acquisitions.

Who was affected

Described in general terms; we do not name victims.

Gullible investors from across India and abroad, including both Indian citizens and foreign nationals.

Timeline

Key dates as reported, oldest first.

2015The modus operandi was initiated and utilized by the accused.

December 22, 2025The Enforcement Directorate announced the unearthing of 26 websites used by the syndicate.

How the scam worked

The method described in the reports.

The accused created fake cryptocurrency investment websites mimicking genuine platforms promising astronomical returns.
They used photos of reputed crypto experts and famous personalities without consent for marketing.
Initial investors were paid small returns to build trust, operating like a classic multi-level marketing (MLM) scheme.
The syndicate offered referral bonuses and promoted their schemes heavily on social media platforms like Facebook, Instagram, WhatsApp, and Telegram.
Funds collected as proceeds of crime were moved using crypto wallets, foreign bank accounts, hawala, accommodation entries, and peer-to-peer crypto transfers.

Targeted by something similar?

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Sources and further reading

Optional. The full story is above; these are the original reports it was prepared from.

aninews.inOriginal report ANI NewsOpens via Google News

Prepared by Report Scams, with the help of AI, from the published reports listed above. Check those reports for the latest. Cases here describe allegations. An FIR, arrest or charge is not a finding of guilt. To report a mistake, or to ask for a correction or removal, write to our Grievance Officer. See also the Safe Posting policy.