**New Delhi:** The Central Bureau of Investigation (CBI) has conducted extensive searches across 11 locations in Delhi and Haryana as part of an ongoing investigation into a significant cryptocurrency fraud case. The raids, which took place on Wednesday, targeted the premises of individuals and entities suspected of involvement in the fraudulent activities.
The CBI’s operation is part of a broader effort to clamp down on illegal activities in the burgeoning cryptocurrency sector. Sources within the agency revealed that the investigation was initiated following complaints of large-scale financial irregularities and deceitful practices by certain crypto firms.
Documents, electronic devices, and other evidence were seized during the raids, which are expected to provide crucial insights into the modus operandi of the alleged fraudsters. The CBI is also examining potential links to international networks that may have facilitated the illegal transactions.
The crypto market has seen exponential growth in recent years, attracting both legitimate investors and illicit actors. The Indian government has been tightening regulations to safeguard investors and maintain market integrity.
The CBI’s recent actions underscore the agency’s commitment to rooting out financial crimes and ensuring that the cryptocurrency market operates within the legal framework.
**Category:** Top News
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