According to @simplykashif, citing Hindustan Times, reported crypto fraud cases in India rose from 1,343 in FY 2023-24 to 11,720 in an eight-month period, a 773% surge, Hindustan Times reported. Hindustan Times also noted that 82% of cases involve users aged 20–40, indicating a concentration among retail-age participants, according to Hindustan Times. As of November 30, 2025, India has 34 million crypto users with total holdings around ₹24,800 crore, according to Hindustan Times. Nearly 41% of users invested via offshore platforms outside direct Indian regulatory control, Hindustan Times reported. Hindustan Times highlights that these offshore venues are outside direct Indian oversight, a factor traders monitor for counterparty and compliance risk checks, according to Hindustan Times.