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

Posted On October 18, 2025

India’s Enforcement Directorate has seized cryptocurrency worth $286 million under anti-money laundering laws. They also announced the arrest of Pavel Prozorov, the alleged mastermind behind the multi-billion-dollar OctaFX Ponzi scheme. Spanish authorities arrested Prozorov based on his involvement in cybercrimes…