India, Nov. 21 -- The Enforcement Directorate's (ED) Hyderabad Zonal Office has provisionally attached INR 8.46 Cr across 92 bank accounts - including those linked to CoinDCX and multiple crypto wallets - under the PMLA (2002), as part of its probe into a nationwide cyber fraud network built on fake ecommerce platforms and deceptive investment apps.

According to the agency, proceeds of crime worth INR 285 Cr were routed through more than 30 short-lived bank accounts, many of which remained active only for 1-15 days before funds were moved again into over 80 secondary accounts to evade detection. A significant portion of these funds was then converted into cryptocurrency or channelled through hawala networks.

The ED's money trail analysi...