As part of an investigation into potential crypto fraud involving the app-based token “HPZ” and similar applications, India’s financial crime-fighting agency has blocked US$1.2 million in account balances of several “Chinese-controlled organizations.” Comein Network Technology Private Limited, Mobicred Technology Private Limited, Magic Data Technology Private Limited, Baitu Technology Private Limited, Aliyeye Network Technology India Pvt Ltd, Wecash Technology Private Limited, Larting Private Limited, Magic Bird Technology Private Limited, and Acepearl Services Private Limited were named in a press release by India’s Enforcement Directorate (ED). According to the ED, the “fraudsters” promised HPZ token holders huge returns on investments and claimed to be “investing in mining devices for Bitcoin and other cryptocurrencies.”