Karnal, Dec. 31 -- The ED conducted searches at multiple locations in Haryana and Chandigarh in connection with a case where some accused opened funds receiving accounts on global crypto currency exchange Binance and "cheated" investors by operating a "fraud" online platform.

The central agency on Tuesday said that assets worth Rs.22.38 lakh were frozen and Rs.4 lakh cash seized.

The probe also led to the discovery of immovable properties worth Rs.3 crore that were acquired in the name of the family members of the accused, the agency said.

The raids were conducted by the agency's Chandigarh Zonal Office on December 24 in connection with cheating of crores of rupees under the guise of investment in the name of a fake entity "Crypto Worl...