Explore the latest news, in-depth reports, and executive analysis tagged with #Fraud.
Banks and NBFCs must report cyber incidents to CERT-In and RBI's DAKSH portal within six hours of detection.
The investors alleged that their accounts were accessed on October 15, leading to the sale of their holdings in US blue-chip companies.
October was defined by a major crypto hack, renewed regulatory scrutiny and the industry’s growing push into mainstream finance even as markets struggled.
The searches were carried out on October 27 covering entities operating the Mudrex and Saber.money platforms, along with the decentralised finance (DeFi) protocol Instadapp.
The investigation follows claims by a hacking group called ScarlettGroup that it had breached the lender's records and threatened to release the allegedly compromised information.
The hacking platform CyberStrike has been identified in some of the investigated cases, while probes into other incidents are ongoing.
September was defined by regulatory pushes for stablecoins and tokenised assets, growing institutional adoption, and a continued focus on crypto-related fraud and enforcement.
The agency said the total value of proceeds of crime attached, frozen and seized during the investigation so far stands at around Rs 2,843 crore.
August was defined by Trump’s crypto push, US regulatory moves, stablecoins and India’s tokenisation ambitions.
Capillary added it has recovered around Rs 4.9 crore and has identified additional funds while securing the freezing of related bank accounts.
The development comes just a week after Meta announced a nearly $900 million investment in Indian fintech startup CRED and appointed its founder, Kunal Shah, as the new global head of WhatsApp.
The agency has arrested Worldline India EVP for allegedly facilitating transactions linked to the Falcon Invoice Discounting fraud.
As part of the investigation, ED has frozen 129 bank accounts containing balances of Rs 18.4 crore.
The platform's secretariat will be jointly managed by the Payments Council of India (PCI) and the Fintech Convergence Council (FCC).
May 2026 saw the CLARITY Act advance in the US, Europe tighten MiCA implementation, India step up crypto policy discussions, and a string of high-profile fraud, sanctions and geopolitical investigations.
The development comes days after the CBI conducted searches across multiple locations in Chandigarh and Panchkula, seizing financial documents and digital evidence linked to the alleged scam.
The ED also alleged that the gaming company used bots to play games against users without their knowledge, causing losses of about Rs 1,154 crore to players.
The RBI has invited public feedback on the proposal until early May.
RUGR and IppoPay are now part of the wider investigation into suspected GST violations tied to a high-value online betting case.
According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.
