Indian ED Cracks Down on $58M Crypto Scam, Arrests Three Suspects

India's Enforcement Directorate has intensified its investigation into an alleged $58 million crypto scam. The agency arrested three suspects, Milan Garg, Sukhdev Thakur, and Abhishek Sharma, as part of the ongoing probe.

The mastermind behind the Ponzi scheme, Subhash Sharma, is still at large.

During the investigation, authorities seized $2.2 million in stolen funds related to another incident, highlighting the growing regulatory enforcement and crypto security risks that could impact fundraising, token launches, and broader adoption.