OctaFX Ponzi takedown: India’s ED seizes $286M in crypto, mastermind arrested

Crypto NewsSaturday, October 18, 2025 at 6:00:00 PM
OctaFX Ponzi takedown: India’s ED seizes $286M in crypto, mastermind arrested
India's Enforcement Directorate has made a significant move by seizing $286 million in cryptocurrency linked to the OctaFX Ponzi scheme, a major financial fraud. The arrest of Pavel Prozorov, the alleged mastermind, highlights the ongoing efforts to combat cybercrime and protect investors. This action not only aims to recover lost funds but also sends a strong message against financial fraud in the region, making it a crucial development in the fight against such schemes.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Coinbase Moves Deeper Into India With Coindcx as Crypto Adoption Redefines Emerging Markets
PositiveCryptocurrency
Coinbase is making significant strides in the Indian market by partnering with Coindcx, a local cryptocurrency exchange. This move highlights the growing acceptance and adoption of cryptocurrencies in emerging markets, particularly in India, where digital finance is rapidly evolving. By investing in Coindcx, Coinbase not only strengthens its presence in a key market but also contributes to the broader trend of financial innovation and inclusion in regions that are traditionally underserved by conventional banking systems.
Latest from Cryptocurrency
Chinese tech giants halt Hong Kong stablecoin plans amid Beijing concerns: FT
NegativeCryptocurrency
Chinese tech giants Ant Group and JD.com have put their stablecoin projects on hold in Hong Kong due to concerns raised by Beijing regulators about the issuance of digital currencies by private companies. This decision highlights the increasing scrutiny from the Chinese government over the cryptocurrency sector, which could impact innovation and investment in the region. As these companies navigate regulatory challenges, the future of digital currencies in Hong Kong remains uncertain.
Binance Wallet bans over 600 accounts for misuse of Binance Alpha
PositiveCryptocurrency
Binance has recently banned over 600 accounts for misusing its Binance Alpha service, highlighting its dedication to maintaining platform integrity. This move is significant as it aims to enhance user trust during a time of market volatility, reassuring users that the platform prioritizes security and responsible usage.
US Treasury Intervenes in Argentine Currency Market as Trump Ties Support to Milei’s Electoral Success
NeutralCryptocurrency
The US Treasury has stepped into the Argentine currency market, a move that comes as former President Trump ties his support to Javier Milei's electoral success. This intervention is significant as it highlights the ongoing economic challenges in Argentina and the potential influence of US politics on foreign economies. With Milei's controversial policies and Trump's backing, the situation could lead to shifts in both countries' economic landscapes.
OpenSea Plans To Launch SEA Token By Q1 2026 – Details
PositiveCryptocurrency
OpenSea, the popular NFT marketplace, is gearing up to launch its own native token, SEA, by the first quarter of 2026. This move, announced by CEO Devin Finzer, marks a significant step in OpenSea's evolution into a comprehensive platform for all blockchain trading activities. The introduction of the SEA token is expected to enhance user engagement and streamline transactions, making it a noteworthy development in the cryptocurrency space.
Bull Wallet Launches Worldwide as Privacy-Focused Bitcoin Lightning Mobile App
PositiveCryptocurrency
Bull Wallet has officially launched worldwide, offering a new mobile app focused on privacy for Bitcoin transactions via the Lightning Network. This launch is significant as it addresses growing concerns about privacy in digital finance, providing users with a secure way to manage their Bitcoin. With the increasing adoption of cryptocurrencies, Bull Wallet aims to enhance user experience and security, making it a noteworthy addition to the crypto landscape.
Japan mulls rule change to let banks hold Bitcoin, crypto for investment
PositiveCryptocurrency
Japan is considering a regulatory change that would allow banks to hold Bitcoin and other cryptocurrencies for investment purposes. This potential shift is significant as it could enhance the stability and integration of the crypto market, positively impacting global financial systems and boosting investor confidence. Such a move may pave the way for broader acceptance of digital currencies in traditional finance, making it an important development for both local and international investors.