CBI conducts searches in HPZ cryptocurrency token fraud case

The Central Bureau of Investigation (CBI), as part of its ongoing Operation Chakra-V against cybercrimes, has carried out searches in the HPZ cryptocurrency token fraud case, exposing a sophisticated and large-scale transnational cyber fraud running into hundreds of crores of rupees, the agency said in a release.

On October 3, coordinated search operations were conducted at seven locations across Delhi NCR, Hyderabad, and Bengaluru, leading to the recovery of incriminating digital evidence and financial records.

The case, registered under criminal…