Crypto India: ED Probes Hashpay Over Fake Crypto and 1% Daily Return Promises

The post Crypto India: ED Probes Hashpay Over Fake Crypto and 1% Daily Return Promises appeared first on Coinpedia Fintech News

Hashpay was a cryptocurrency investment platform that allegedly promised investors daily returns of 1%, up to three times their investment, and referral commissions. According to the Enforcement Directorate (ED), the platform used fictitious cryptocurrencies, TCX and Hashpay, and displayed profits without actual trading activity. Money from new investors was allegedly used to pay earlier investors …