Crypto scam: Payment gateways Paytm, Razorpay under ED lens

Razorpay, PayU, Easebuzz, and Paytm are under investigation by the Enforcement Directorate for their alleged involvement in a cryptocurrency scam led by 10 Chinese nationals via the HPZ Token app. The ED has frozen around Rs 500 crore in their virtual accounts. The accused collected over Rs 2,200 crore from 20 states for cryptocurrency mining investments.

​Razorpay, PayU, Easebuzz, and Paytm are under investigation by the Enforcement Directorate for their alleged involvement in a cryptocurrency scam led by 10 Chinese nationals via the HPZ Token app. The ED has frozen around Rs 500 crore in their virtual accounts. The accused collected over Rs 2,200 crore from 20 states for cryptocurrency mining investments.