India cracks down on crypto scam networks, 21 locations raided, investors need to beware of these fake platforms

LiquidityWitch · 2025-12-24T06:02:13+00:00

Indian law enforcement agencies have recently launched a large-scale crackdown on money laundering cases, raiding multiple locations and dismantling networks of fake cryptocurrency investment platforms. These platforms use celebrity images and fake websites to attract investors with promises of high returns, then launder money through complex methods. Authorities have issued investment risk warnings against some of the involved websites, alerting investors to beware of scams.

LiquidityWitch

2025-12-24 06:02:13

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【BitPush】Indian law enforcement agencies have been taking frequent actions recently. This time, during an investigation into money laundering cases, they raided 21 residential and office locations across Karnataka, Maharashtra, and New Delhi, dismantling a rather large network of fake crypto investment platforms.

These people’s tactics are quite “professional.” They have been operating since 2015, using celebrity portraits and carefully crafted fake trading websites to heavily promise high returns to local Indian and overseas investors. Once someone bites, they launder money through a combination of crypto wallet transfers, P2P transactions, shell companies, and underground banks. The process is complex enough to make tracking difficult.

So far, authorities have released a list of some involved websites—including platforms like goldbooker.com, cryptobrite.com, and others. Law enforcement has also officially issued investment risk warnings, reminding investors to stay vigilant. Promises of “guaranteed high returns” are often scams in disguise. Especially with unfamiliar crypto investment platforms, it’s crucial to verify their authenticity through official channels—don’t rush to invest just to save trouble.

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