India News

Indians are being lured with fake job offers promising high salaries, only to be trapped in Southeast Asia’s cyber slavery and cryptocurrency fraud rings. According to reports from local media, tens of thousands of Indian nationals are trapped as cyber…

Leading cryptocurrency exchange, Binance, says it has helped India’s Enforcement Directorate recover $47.6 million in losses suffered by victims of a gaming scam involving the online gaming platform Fiewin. Binance, the world’s largest cryptocurrency exchange by trading volume, announced on…

Hackers compromised the Supreme Court of India’s official YouTube channel to promote a fraudulent cryptocurrency scheme involving Ripple’s XRP token.  The channel was taken over on September 20 and was quickly rebranded and used to livestream a fake video featuring…

A new report reveals that 134 countries, covering 98% of the global economy, are exploring digital currencies, with 44 currently piloting CBDCs. Central bank digital currencies are gaining widespread attention, with nearly 99% of the global economy now focused on…

Indian police are investigating the “Datameer” crypto trading app, which allegedly duped at least 700 locals out of inr 10 million. According to a local report, the scheme promised returns of up to 50% to unsuspecting investors who were told…

Stablecoins settled $3.7 trillion in 2023 and are on pace to reach $5.28 trillion in 2024, with growing usage beyond exchange settlement, new research shows. Stablecoins continue to solidify their role in the global financial landscape, with settlement volumes reaching…

India’s Financial Intelligence Unit is looking to recoup at least $345 million in goods and services tax from 7 seven foreign cryptocurrency exchanges that operated in the nation. Sources familiar with the matter told the Economic Times that India’s anti-money…

Indonesia has entered Chainalysis’ global crypto adoption index for the first time, climbing into the top 3 as global crypto activity surged past 2021 bull market levels. Indonesia has made its debut in Chainalysis‘ global crypto adoption index, climbing to…

Hackers hijacked the Delhi Capitals’ X account, using the popular cricket franchise’s social media presence to push a scam Solana-based token. Delhi Capitals, a cricket franchise team that competes in the popular Indian Premier League, fell victim to an X…

An independent audit by Grant Thornton found no evidence that Liminal Custody’s infrastructure was involved in the $230 million WazirX hack. Grant Thornton’s audit found that Liminal Custody, the Singapore-headquartered crypto custodian, was not the main source for the $230…

Following Binance and KuCoin, two more offshore cryptocurrency exchanges could receive the green light from India’s financial watchdog by March 2025. Sources familiar with the matter told a local media outlet that India’s Financial Intelligence Unit is reviewing registration requests…

Indian crypto exchange WazirX has re-launched INR withdrawals for “eligible users” and decreased withdrawal fees by 60%. Cryptocurrency exchange WazirX, which recently suffered a multi-million dollar hacker attack, has begun the first phase of INR withdrawals. In an X announcement,…

Reserve Bank of India Governor Shaktikanta Das urged a cautious CBDC rollout, as the retail pilot now reaches over 5 million users. India‘s central bank digital currency platform has surpassed the 5 million users mark as the country continues to…

Law enforcement in India has arrested four individuals believed to be operating a fake cryptocurrency trading platform that managed to dupe victims of over $90,000. According to local media, the scammers targeted investors by claiming to be representatives of a…

An Indian man allegedly kidnapped two men involved with the $2.4 billion BitConnect Ponzi scheme to recover losses. Shailesh Babulal Bhatt was an investor in BitConnect Coin, a token circulated as the platform’s native cryptocurrency, and according to a statement…

Blockchain startup 5ire has rolled out its mainnet after a successful testnet phase, aiming to redefine blockchain’s environmental impact. Layer-1 blockchain platform 5ire has launched its mainnet following a successful testnet phase, advancing its mission to drive environmentally sustainable blockchain…