Fake cops, money laundering via crypto: ED raids 11 locations; all you need to know about Rs 260cr global cyber fraud

The Enforcement Directorate (ED) has launched an investigation into a Rs 260 crore global cyber fraud, conducting searches across multiple cities. Fraudsters impersonated law enforcement and tech support to extort money from victims. The illicit funds were converted into cryptocurrency, then laundered through hawala channels and individuals in the UAE.