India ED raids 21 sites on 18 December in decade-long crypto fraud probe

India's Enforcement Directorate conducted coordinated searches on 18 December across 21 locations in Karnataka, Maharashtra and Delhi, targeting 4th Bloc Consultants under the Prevention of Money Laundering Act. Investigators allege a long-running Ponzi-style crypto operation; assets and multiple wallets were identified, and a 23 December 2025 post on X noted the probe remains ongoing.