Hashpay ED Attachment: What Triggered the ₹14.16 Crore Freeze?
Hashpay ED Attachment: 1% Daily Returns End in ₹14.16 Crore Freeze
As of November 11, 2026, crypto news today includes a Chennai enforcement step.
The Enforcement Directorate Chennai zonal office, known as Zonal Office-II, provisionally attached assets worth about Rs 14.16 crore on October 30, 2026 and filed a prosecution complaint, per its official press release dated November 3.
This Hashpay ED attachment targets M/s Pan India Crypto Currency. The release spells the brand Hashpe, while the agency’s X posts use Hashpay.
What Did the Hashpay ED Attachment Cover?
Hashpay ED attachment news today rests on these official details:
Detail | Official Information |
Agency | Chennai Zonal Office-II |
Law | Prevention of Money Laundering Act (PMLA) 2002 |
Attachment date | October 30, 2026 |
Court | Special Court PMLA Puducherry |
In the Hashpay ED case, ED attaches Hashpay assets worth 14.16 crore. ED attaches 14.16 crore across movable and immovable properties:
Immovable properties in Tamil Nadu, Haryana and New Delhi
A BMW car
Balances in bank accounts
Why Did ED Attach Hashpay Properties?
The probe began with an FIR from the Cyber Crime Police Station, Puducherry, under the Bharatiya Nyaya Sanhita, 2023, and the Information Technology Act, 2000.
The agency then built a money laundering case and searched linked premises on September 1, 2026.
Promoters Imran Basha, Hitesh Kumar, Syed Usman alias Babu and Dhamodharan were arrested under Section 19 of the PMLA.
This Hashpay PMLA case also lists these figures:
Figure | Amount |
Investments identified | Rs 112.91 crore |
Proceeds of crime | Rs 49.54 crore |
Assets attached | Rs 14.16 crore |
What Is Hashpay Scam? Hashpay Crypto Scam Explained
The release says the platform ran through hashpe.io and a multi-level marketing network.
It offered fictitious coins, including TCX and Hashpe, and displayed profits without genuine trading behind them.
The Hashpay 1% daily return scam promised:
Daily returns of 1%
Returns of up to three times the investment
Referral commissions, a referral commission hook
Luxury cars and foreign tours as rewards
The agency’s handle also covered this news in its post on X, calling it a fraudulent crypto investment fraud scheme.
It repeated the details in another official post.
How Did Hashpay Scam Work?
Per the release, tokens received artificial values, profits appeared on screen and members earned commissions for recruiting.
Investor funds moved through bank accounts of M/s HIFY Circle and others, a Hashpay crypto fraud pattern.
Hashpay Puducherry Court: What Happens Next?
After the Hashpay ED attachment, the Hashpay case Puducherry Special Court stage begins with the complaint.
PMLA provisional attachment meaning: assets stay frozen until the Adjudicating Authority confirms the order under Section 5. This provisional attachment of assets is not forfeiture.
Is Hashpay Legal in India?
Hashpay news today: the agency calls the Hashpay 1% daily return scheme fraudulent, and the accused face trial.
The Pan India Cryptocurrency case is at the complaint stage, and the Pan India Cryptocurrency ED case has no verdict in the release.
Crypto Ponzi Scheme India ED Action: What Do Analysts See?
Analysts tracking ED crypto fraud India cases may read the ED crypto fraud case 2026 as a reminder that guaranteed daily returns are a warning sign.
Payouts funded by newer deposits are commonly called a Ponzi scheme, though the court must test the claims.
When ED Chennai attaches crypto scam properties, recovery may take time. For any crypto scam India investors encounter, investor protection starts with doubting Crypto scam daily 1% return India offers. The ED Chennai crypto scam trail may widen as hearings begin.
Disclaimer: This article is for information only and is not financial or legal advice. Allegations remain unproven until a court decides.
