Wu learned that the Indian Enforcement Authority (ED) announced on November 5th that its Chennai branch arrested Roshan Fiaz and Ammar on October 30th for allegedly using a network of bank accounts and cryptocurrencies to launder money through online fraud. The investigation revealed that the criminal network was involved in over 600 cybercrime complaints across multiple Indian states, with related proceeds exceeding $45 million. The criminals obtained funds through scams involving fake investments, recruitment, and stock trading, then used numerous dummy bank accounts to transfer funds in tiers, ultimately converting some of the funds into USDT. The investigation also found that Roshan Fiaz controlled 31 bank accounts with transaction volumes exceeding $3.37 million, with the funds flowing through multiple accounts before being transferred to cryptocurrency wallets. https://(wublock123.com)/news/india-enforcement-arrests-two-for-crypto-money-laundering-45m-71446