[Indian Enforcement Directorate Freezes $270 Million in Crypto Assets Linked to OctaFX Scam] The Indian Enforcement Directorate (ED) has frozen cryptocurrency assets worth ₹23.85 billion (approximately $270 million) linked to the OctaFX scam, bringing the total value of seized and frozen assets in the case to ₹26.81 billion. The main suspect, Pavel Prozorov, has been arrested in Spain, and India is advancing extradition proceedings. Investigations revealed that OctaFX lured investors through unauthorized forex trading platforms, defrauding Indian investors of ₹18.75 billion between July 2022 and April 2023, and funneled the funds through shell companies and cryptocurrency channels. Previously, the ED had seized physical assets such as yachts and luxury homes. This latest freeze on cryptocurrency assets further uncovers new pathways for money laundering.