Paytm, Razorpay, 6 other payment gateways in ED crosshairs for crypto scam: Report

[ad_1]

The Enforcement Directorate (ED) has launched an investigation into nine payment gateways, including Razorpay, PayU, and Paytm, freezing Rs 500 crore in their virtual accounts, The Times of India reported. This probe is linked to a cryptocurrency scam, HPZ Token, allegedly operated by 10 Chinese nationals from India.

The accused have allegedly scammed customers out of Rs 2,200 crore across 20 states in India, and transferred the proceeds out of India. A part of this was frozen with the payment gateways. People were given the option to invest in cryptocurrencies, including Bitcoin through the mobile app HPZ Token.

The government agency is checking if the payment gateways flagged the suspicious transactions, and alerted the central bank and the Financial Intelligence Unit (FIU).

As per the report, PayU had the highest portion of Rs 500 crore, at Rs 130 crore, followed by Easebuzz with Rs 33.4 crore, Razorpay with Rs 18 crore and Rs 2.8 crore with Paytm.

Shares of One97 Communications, which operates the payments platform Paytm, fell by up to 9% to a day’s low of Rs 773.90 on Friday after the report emerged.

Artificial Intelligence(AI)

Java Programming with ChatGPT: Learn using Generative AI

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

Basics of Generative AI: Unveiling Tomorrows Innovations

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

Generative AI for Dynamic Java Web Applications with ChatGPT

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

Mastering C++ Fundamentals with Generative AI: A Hands-On

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

Master in Python Language Quickly Using the ChatGPT Open AI

By – Metla Sudha Sekhar, IT Specialist and Developer
Marketing

Performance Marketing for eCommerce Brands

By – Zafer Mukeri, Founder- Inara Marketers
Office Productivity

Zero to Hero in Microsoft Excel: Complete Excel guide 2024

By – Metla Sudha Sekhar, IT Specialist and Developer
Finance

A2Z Of Money

By – elearnmarkets, Financial Education by StockEdge
Marketing

Modern Marketing Masterclass by Seth Godin

By – Seth Godin, Former dot com Business Executive and Best Selling Author
Astrology

Vastu Shastra Course

By – Sachenkumar Rai, Vastu Shashtri
Strategy

Succession Planning Masterclass

By – Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.
Data Science

SQL for Data Science along with Data Analytics and Data Visualization

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

AI and Analytics based Business Strategy

By – Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI
Web Development

A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024

By – Metla Sudha Sekhar, IT Specialist and Developer
Marketing

Digital Marketing Masterclass by Pam Moore

By – Pam Moore, Digital Transformation and Social Media Expert
Artificial Intelligence(AI)

AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills

By – Metla Sudha Sekhar, IT Specialist and Developer
Office Productivity

Mastering Microsoft Office: Word, Excel, PowerPoint, and 365

By – Metla Sudha Sekhar, IT Specialist and Developer
Marketing

Digital marketing – WordPress Website Development

By – Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert
Office Productivity

Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis

By – Metla Sudha Sekhar, IT Specialist and Developer
Web Development

Mastering Full Stack Development: From Frontend to Backend Excellence

By – Metla Sudha Sekhar, IT Specialist and Developer
Finance

Financial Literacy i.e Lets Crack the Billionaire Code

By – CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator
Data Science

SQL Server Bootcamp 2024: Transform from Beginner to Pro

By – Metla Sudha Sekhar, IT Specialist and Developer