The Enforcement Directorate (ED) has arrested 20 persons and seized or frozen criminal proceeds of ₹1,144.5 crore in connection with crypto currency frauds, the Finance Ministry informed Lok Sabha on August 7.
Minister of State for Finance Pankaj Chaudhary said the ED is investigating several cases related to crypto currency or virtual digital currency frauds wherein a few crypto exchanges have also been found involved in money laundering.