India's ED Raids 21 Sites Linked to 4th Bloc Consultants Over Decade-Long Crypto Fraud
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 25 2025- Massive Raid Operation: India's Enforcement Directorate (ED) conducted coordinated raids at 21 locations across Karnataka, Maharashtra, and Delhi targeting 4th Bloc Consultants under the Prevention of Money Laundering Act (PMLA), indicating a strong crackdown on cryptocurrency investment fraud.
- Fake Platforms Exposed: Investigations revealed that the organization operated fictitious investment platforms mimicking legitimate exchanges, using stolen images of cryptocurrency experts and social media to lure investors, resulting in millions of funds being laundered and severely undermining investor trust.
- Complex Fund Flows: The alleged funds were laundered through multiple crypto wallets, shell companies, and hawala channels, with authorities seizing related assets, highlighting the organization's intricate methods of concealing illicit funds.
- Long-Term Fraud Model: The scheme reportedly operated since 2015, employing a Ponzi and multi-level marketing (MLM) structure that initially paid small returns to build trust, subsequently encouraging victims to invest larger sums and recruit new members, affecting a wide range of investors.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
