ED Uncovers ₹34,855 Crore Cybercrime Proceeds, Flags Massive Laundering Network

• The Enforcement Directorate (ED) identified ₹34,855 crore in cybercrime proceeds from illegal online gambling, crypto scams, and loan apps.
• Assets worth ₹12,229 crore have been attached under PMLA investigations across 234 cybercrime cases.
• Money laundering methods include mule bank accounts, shell companies, cryptocurrencies, and hawala networks.
• Findings were presented at a national conference on tackling cyber-enabled frauds, emphasizing the scale of these crimes.
• Union Home Minister Amit Shah stressed collective awareness and coordination to combat cybercrime and build a secure digital ecosystem.