OctaFX Ponzi Scheme Disrupted: India’s ED Confiscates $286M in Cryptocurrency, Arrests Ringleader
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 18 2025Enforcement Action: India's Enforcement Directorate has seized $286 million in cryptocurrency linked to the OctaFX Ponzi scheme, which defrauded Indian investors of $225 million through unauthorized forex trading.
Arrest and Operations: Pavel Prozorov, the alleged mastermind behind OctaFX, was arrested in Spain for cybercrimes, with the scheme utilizing a complex global network to evade regulatory scrutiny and launder funds across multiple jurisdictions.
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.
