Bank Raided, Arrests Made but RBI Still Restricts Withdrawals

Bank Raided, Arrests Made But RBI Still Restricts WithdrawalsThe crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their savings. The bank has 137 branches across India. Also read: RBI Ban Stops […]

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Indian Ponzi Scheme-Funded Cryptocurrency Mine Raided by Police

Indian Ponzi Scheme-Funded Cryptocurrency Mine Raided by PoliceIndian police have raided a cryptocurrency mining operation whose establishment was funded by a nearly $15 million USD ponzi scheme. Police seized hundreds of mining cards. Also Read: Another Indian Company Challenges Ban on Crypto Banking  Ponzi-Financed Ethereum Mine Raided in India Delhi Police’s Cyber Cell has conducted a raid on a cryptocurrency mining operation held […]

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Onecoin Offices Raided in Sofia, Servers Shut Down

Onecoin Offices Raided in Sofia, Servers Shut DownBulgarian law enforcement agencies have raided the offices of Onecoin in Sofia as part of a multinational effort to neutralize what authorities call a “centralized cryptocurrency pyramid scheme”. Three million people may have been defrauded by the company which offers services on four continents, according to media reports. Bulgarian officials were diligent enough to note […]

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