ED attaches Rs 200 crore-plus assets linked to this bitcoin app for duping investors of crores

Enforcement Directorate attaches assets worth over Rs 278 crore, including those linked to China, in a money-laundering probe over alleged cheating of investors. Entities were cheating investors through mobile app “HPZ Token”. Probe based on FIR filed in 2021 alleging thousands of investors were duped with false promise of high returns on Bitcoin mining investments. Fraudsters lured victims by doubling their investment through the app and also received funds fraudulently for online gaming and betting. ED has restrained total proceeds of crime of Rs 455.37 crore.