ED Flags Misuse Of CoinDCX Accounts In Cyber Fraud Money Trail

The Enforcement Directorate’s (ED) Hyderabad Zonal Office has provisionally attached INR 8.46 Cr across 92 bank accounts — including those linked to CoinDCX and multiple crypto wallets — under the PMLA (2002)

According to the agency, proceeds of crime worth INR 285 Cr were routed through more than 30 short-lived bank accounts, many of which remained active only for 1–15 days before funds were moved again into over 80 secondary accounts to evade detection

The ED’s money trail analysis found that fraudsters frequently…