The story of HPZ Token reads a lot like a cautionary tale for anyone interested in crypto.
Back in 2021, this mobile app popped up promising eye‑popping returns, telling users they could earn big money from crypto mining and investment with almost no risk.
At first, it sounded exciting, but behind the scenes, it was far from legitimate. Within a short time, the platform vanished, leaving thousands of investors confused and out of pocket.
What started as user complaints eventually turned into a major investigation by Indian authorities.
Agencies like the CBI (Central Bureau of Investigation) and ED (Enforcement Directorate) uncovered a sprawling fraud that helped siphon huge sums of money through shell companies and fake accounts.
In fact, the CBI formally filed a press release and charge sheet, naming multiple accused and outlining how the scam network operated as a sophisticated investment fraud targeting ordinary people.
This case has become one of the most talked‑about crypto frauds in India, and a reminder that not all that glitters in the crypto world is gold.
What is HPZ Token App Scam?
HPZ Token was pitched as a crypto investment app that promised investors their money would buy “mining machines” for Bitcoin and other cryptocurrencies.
The app dashboard showed daily returns, and users were encouraged to “upgrade” to higher tiers to earn even more.
On the surface, it looked like a simple way to grow your money, but in reality, funds were being routed through shell companies, some with overseas links, and siphoned off.
By August 15, 2021, the app and related websites had gone offline, leaving a large pool of small investors in the lurch.
Here’s a timeline of key enforcement actions:
- September 2022: The Enforcement Directorate (ED) announced searches and froze bank and virtual accounts linked to HPZ entities, totaling around ₹56.49 crore at that stage.
- November 2024: ED attached assets worth ₹106.2 crore across India and Dubai. They highlighted the scheme’s typical lure: invest ₹57,000 and supposedly earn ₹4,000/day for 3 months.
- January 2025: Authorities scrutinized the payment gateways used by HPZ. ED flagged crime proceeds of about ₹2,200 crore across 20 states, showing the vast scale of the fraud.
- October 2025: The CBI, under Operation Chakra-V, conducted searches and made arrests in connection with the HPZ crypto token fraud.
They described it as a large, transnational scheme, reflecting a broader pattern of overseas-run crypto and loan scams using Indian associates, shell companies, and app relabeling.
The HPZ case highlights how crypto scams work, cross borders, and target everyday investors with seemingly legitimate apps.
Authorities continue to pursue assets and make arrests, sending a strong message to potential fraudsters.
HPZ Token Scam Red Flag
Use this list on any “new” token app before using it:
- Guaranteed returns / daily income (sometimes quoted to the rupee). Markets don’t do guarantees – frauds do.
- Mining machine narrative with no verifiable hashpower, pool IDs, or on-chain audit; just dashboards.
- Short burst “promos,” top-ups, release fees, or TDS to withdraw; common stall tactics in app scams.
- Payment gateways + many shell accounts receiving deposits; regulators later trace and freeze them.
- Brand churn: when complaints spike, apps/sites go dark, then reappear with new names on social media. This has been flagged in recent loan/crypto frauds.
How to File a Crypto Fraud Complaint in India?
In case you have been trapped in HPZ or any similar scam, then reporting is the first step that must be taken right away.
Follow steps below to report such issues:
- Save evidence now: screenshots of deposits, app pages, chats, wallet/UPI IDs.
- Tell your bank/UPI to flag/hold suspicious transfers where possible.
- File a Cyber Crime complaint: Include all UPI handles, phone nos., and links. Early reports help freeze mule accounts.
Need Help?
If you are also among those who have been victimised by similar scams, register with us to receive guidance on reporting the fraud and initiating recovery.
Keep all transaction details, proofs, and communications ready for a smoother process.
Conclusion
The HPZ Token scam is a reminder that any app promising guaranteed daily profits, mining income, or effortless returns is almost always a trap.
Whether it’s “HPZ Token” today or another “crypto mining app” tomorrow, the rule is the same: if it isn’t regulated, audited, or transparent, it isn’t worth your money.
Stay alert, verify before investing, and remember: real investments don’t promise fixed returns, scams do.
