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January 27, 2026
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Busted: Indian Crypto Ponzi Scheme Lured Muslims With Halal Investment Promises

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Busted: Indian Crypto Ponzi Scheme Lured Muslims With Halal Investment Promises

An Indian cryptocurrency Ponzi scheme masquerading as an investment company has crumbled in the aftermath of the Reserve Bank of India’s declaration of cryptocurrency as “illegal tender”. The Deccan Chronicle reported this week that Ambidant Marketing and Investment Company, run by father and son duo Syed Fareed and Syed Afaq Ahmed, used promises of Halal investments alongside misused Ulemas

The post Busted: Indian Crypto Ponzi Scheme Lured Muslims With Halal Investment Promises appeared first on CCN

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Coinbase gains sec approval to list security tokens

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