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OctaFX Forex Scam: ED attaches Rs 2,385 crore in crypto, mastermind held in Spain

According to the ED, Pavel Prozorov, the mastermind behind the scam, was arrested by Spanish police authorities in connection with cybercrimes across multiple countries, an official statement said on Friday

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The mastermind in the OctaFX Forex Scam was held in Spain. Representational Pic/File

The mastermind in the OctaFX Forex Scam was held in Spain. Representational Pic/File

The Enforcement Directorate (ED) in Mumbai has issued a provisional attachment order seizing cryptocurrency assets worth around Rs 2,385 crore in connection with the alleged OctaFX Forex Scam, officials said, adding that the mastermind in the case was held in Spain.

The action was taken under the Prevention of Money Laundering Act (PMLA), 2002, as part of an ongoing investigation into the illegal forex trading platform, OctaFX.

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