🚨 India's ED just raided CoinDCX & Delta Exchange in Bengaluru

What they're looking at:
• INR → $USDT conversions routed offshore
• Transfers to Binance, KuCoin & other exchanges
• Offshore derivatives + tokenized stock trades (thousands of crores)

Allegations = FEMA violations. No legal conclusion yet.

Both exchanges claim:
✅ Operations normal
✅ Customer funds safe

Classic regulatory flex in India. Watch how this plays out — could set precedent for how crypto flows are treated under foreign exchange law.

If you're trading on Indian exchanges, stay alert. Regulatory risk is real.