Paytm and Razorpay are under investigation for their involvement in a cryptocurrency scam, with the Enforcement Directorate (ED) freezing assets worth Rs 500 crore. The probe relates to a broader case involving a gang that defrauded individuals of Rs 300 crore through online loan applications and laundered money via cryptocurrency. The investigation has prompted the Bombay Stock Exchange (BSE) to seek clarification from Paytm regarding the allegations. Following the news of the ED probe, Paytm's shares initially fell by 9%, but later saw a partial recovery after an 8% drop.