The Indian Enforcement Directorate (ED) has conducted raids across 21 locations in Karnataka, Maharashtra, and New Delhi as part of an anti-money laundering investigation. The operation uncovered a network of fraudulent cryptocurrency investment platforms that have been operating since at least 2015. These platforms allegedly lured investors with promises of high returns, using fake trading websites and misappropriated celebrity images and 'expert' endorsements to perpetrate scams. The ED revealed that the network utilized crypto wallets, peer-to-peer transfers, shell companies, and hawala channels to launder money. The fraudulent scheme targeted both Indian and international investors, highlighting the extensive reach of the operation.