ED Raids CoinSwitch Kuber

CoinSwitch Kuber under Scanner

What is CoinSwitch?

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The ED Raid

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Why this Raid?

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Earlier Raids

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Instant loan scam

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Total Scam value

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Also Read:

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We're on You Tube

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CoinSwitch Kuber under Scanner

CoinSwitch Kuber under Scanner

What is CoinSwitch?

What is CoinSwitch?

CoinSwitch Kuber is an Indian crypto exchange that allow users to buy/sell cryptocurrencies in INR.

The ED Raid

The ED Raid

The Directorate of Enforcement (ED) searched 5 locations linked to the crypto platform in relation to the recent scam

Why this Raid?

Why this Raid?

ED is searching evidence of money laundering via crypto exchange linking to the instant loan apps with roots from China.

Earlier Raids

Earlier Raids

Before CoinSwitch. ED raided WazirX and froze 64.67 cr of funds. WazirX has been issued show cause notice by ED.

Instant loan scam

Instant loan scam

Instant loan app charges high interest rates & harass users. It then send the money to China via crypto platform amounting in crores

Total Scam value

Total Scam value

Over 1000 cr has been laundered using Indian crypto exchanges by the instant loan apps. All money routed to China

Also Read:

Also Read:

1..Instant loan scam

1..Instant loan scam

2..Ponzi Schemes

2..Ponzi Schemes

3..NFT Hacks

3..NFT Hacks

We're on You Tube

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