[Update] Paytm, Razorpay, Easebuzz Deny Reports Of ED Probe

The Enforcement Directorate (ED) has frozen INR 500 crore linked to a crypto scam, which was reportedly kept with Paytm, Razorpay, and other platforms. The action follows investigations into fraudulent activities in the cryptocurrency market, where funds were misappropriated by scammers operating through digital platforms. The ED’s move underscores the growing concern over financial frauds in the crypto sector, with regulatory bodies tightening their scrutiny over digital payment platforms and cryptocurrency exchanges to ensure compliance with anti-money laundering regulations.