Author: Simran Mishra

Bengaluru Hacker Case Exposes Rs. 2 Crore Cyber Extortion Using Poker Hacking and Crypto Fraud: ED Tightens Action The Bengaluru hacker case has taken a serious turn as the Enforcement Directorate opposed the bail request of businessman Sunish Hegde. The agency said Hegde worked with hacker Srikrishna, also known as Sriki, in a Rs. 2 crore cyber extortion plan which also has a crypto link. Officials said Hegde asked Sriki to hack online poker websites and then use the data to demand money. The hacker reportedly broke into platforms like PokerSaint and PokerBaazi during the operation. After the hack, Hegde…

Ethereum Faces Upgrade Risks as Leadership Void Grows, Key Projects Like Danksharding Hang in Balance The leadership crisis at the Ethereum Foundation has grown stronger after Hsiao-Wei Wang resigned from her role. Her exit adds to a series of senior departures this year. Hsiao-Wei Wang worked as co-executive director and board member for almost ten years. She shared her decision after returning from a break, reflecting on her personal goals. Her resignation took effect immediately, leaving the organization without a permanent leader in that position. Leadership Vacuum Deepens Earlier this year, Tomasz Stańczak also stepped down from the same role.…

India Tightens Crypto OTC Rules, Flags Deals Above $10K for Transparency India has decided to closely monitor crypto OTC trading to strengthen control over shadow trading. The Financial Intelligence Unit has asked big crypto exchanges to share details of OTC deals above $10,000. OTC trading happens outside regular exchanges, where buyers and sellers deal directly. These trades help large investors avoid price changes in the open market. At the same time, these deals often hide important details about who owns the money. Regulators Seek More Transparency Regulators now want clear information on beneficial ownership, especially when private companies take part…

Indian Crypto Shift Deepens as 70% Limit Exposure, Small Cities Drive 40% of User Growth Indian crypto traders are showing more patience during market volatility, according to a new Mudrex survey. The report shows that most investors now think carefully before making any decision. The survey, conducted across India, found that 91% of Indian crypto traders do not panic when prices rise or fall sharply. Only a small group, around 9%, reacts quickly by selling or chasing trends. Investors Stay Calm During Market Swings Most investors now prefer to stay calm. They either adjust their investments slowly or wait before…

India Takes Strict Action in a $20M Coinbase Spoofing Scam Case: Eight Accused, Fake Websites, and Major Crypto Fraud Exposed by ED India’s Enforcement Directorate (ED) has filed charges in a massive crypto fraud case. The case involves a Coinbase spoofing scam linked to eight people and companies. The total fraud amount exceeds 20 million dollars. Officials say Chirag Tomar led this scam network, while other accused include Pankaj Tomar, Kushagra Shakya, Akash Vaish, Rahul Anand, and Ketan Luthra. Two companies also face charges in this crypto fraud case. How the Coinbase Spoofing Scam Worked The Coinbase spoofing scam ran…

India Weighs Bitcoin Mining Boost Despite 30% Tax, High Energy Use and Plan to Reverse Dollar Outflow India’s Bitcoin mining has started attracting attention as a way to reduce dollar outflows linked to gold imports. Crypto educator Kashif Raza, founder of Bitinning, suggests this idea as a simple economic solution. India imports around 700 to 720 tons of gold every year. Local production stays at only 1.5 tons, creating a large gap. The country pays for these imports in US dollars, which increases pressure on foreign reserves and weakens the rupee. Bitcoin as a Local Alternative to Gold Raza explained…

Korvio Coin Scam Deepens: ED Probe Traces Crypto Laundering Network, Fake Firms, Dubai Link Emerges The Enforcement Directorate has arrested Masoom Juneja in a major cryptocurrency fraud case linked to the Korvio Coin scam. The case involves a suspected Rs. 500 crore scam that affected more than 2.48 lakh investors across India.  Officials also carried out raids at places linked to Vijay Kumar Juneja and Masoom Juneja under money laundering laws. During the raids, investigators found important documents and digital devices that may help in the case. The case started after police in Himachal Pradesh and Punjab filed FIRs against…

India Tightens Crypto Tax Rules with more than 44,000 VDA Tax Notices and $104M Hidden Income Uncovered: Filing Errors Now Carry Real Risks India has stepped up its India crypto tax checks and sent more than 44,000 VDA tax notices. Authorities found around Rs. 888 crore, or nearly $104 million, in hidden crypto income during this process. The Income Tax Department used data from exchanges, TDS filings, and investor returns to spot gaps. Officials compared each record carefully and flagged cases where numbers did not match. How Authorities Identified Tax Mismatches This action shows a strong move toward strict crypto…

Retired Bank Manager Loses Rs. 2.52 Cr in Crypto Scam. Honey Trap Scam and Fake Crypto Platform Used in a Cyber Fraud Network Case A retired bank manager from Nawabganj lost Rs. 2.52 crore in a cryptocurrency investment scam. The case started with a honey-trap scam on social media. It later turned into a large cyber fraud network case. The victim, Anil Kumar Singh Chauhan, met a woman online in 2025. She called herself Ira Reddy. She talked to him daily and slowly gained his trust. After some time, she built an emotional bond with him. How the Investment Scam…

India Makes Crypto Tax Rules Stricter for 2026: Every Transaction Now Needs Full Reporting Under Schedule VDA with Stronger Checks and Penalties India is tightening its crypto tax system for the 2026 filing season under the India Crypto Tax Reporting rules. The government aims to improve the reporting and tracking of crypto income. The main tax structure stays the same, but reporting rules become more detailed and strict. Reports indicate that India will not change the 30% tax on crypto profits under its crypto taxation regime. A 4% cess also continues on gains. The government now focuses more on how…