ED Investigates ₹35 Million Bengaluru Crypto OTC Scam Involving Dutch Entity
The Enforcement Directorate (ED) is investigating a ₹35 million cryptocurrency over-the-counter (OTC) scam involving Bengaluru-based individuals Mohammed Waseem, Saurabh Diwan, and Vaibhav Gupta. A Dutch entity alleged it was defrauded after being promised discounted crypto tokens, including MultiverseX and others, which were only partially or never delivered. The accused gained trust through Telegram groups and meetings, initially completing smaller transactions before withholding tokens after larger investments. Funds were traced to Ravindra K, identified as the mastermind. ED conducted searches and seized digital assets worth 8,700 USDT.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (42/100). Lens Score 53/100.
Outlets measured: thehindu, indianexpress. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (42–42/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
indianexpress broke this story on 21 Jul, 01:54 pm. Other outlets followed.