PhonePe and Easebuzz Under Investigation for Alleged Role in Hibox Scam

Payment aggregators PhonePe and Easebuzz are facing investigation by Delhi Police’s cybercrime unit for their alleged involvement in the Hibox scam. This elaborate scheme defrauded thousands of investors, lured by promises of high returns through a mobile app. The investigation has also implicated social media influencers and nearly 20 entities, raising concerns about the role of these platforms in facilitating financial fraud.

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