India’s Enforcement Directorate searched three premises linked to CoinDCX.
The agency said its Bengaluru office had searched three premises since November 4 belonging to CoinDCX parent company Neblio Technologies and Excelium Technologies, which operates Delta Exchange India. It accused the two companies of routing user trades to offshore platforms such as Binance and Bybit. This is the Enforcement Directorate’s claim; the searches themselves do not establish that the allegations are true.
· The material only provides the allegations and details of the searches. It does not disclose the amount involved or whether anyone was summoned or charged.
· Neither exchange’s response is mentioned, so the conclusion goes no further than “accused.”
Would you rather see the Enforcement Directorate’s formal allegations first, or the two platforms’ responses?
#CoinDCX #Binance
The agency said its Bengaluru office had searched three premises since November 4 belonging to CoinDCX parent company Neblio Technologies and Excelium Technologies, which operates Delta Exchange India. It accused the two companies of routing user trades to offshore platforms such as Binance and Bybit. This is the Enforcement Directorate’s claim; the searches themselves do not establish that the allegations are true.
· The material only provides the allegations and details of the searches. It does not disclose the amount involved or whether anyone was summoned or charged.
· Neither exchange’s response is mentioned, so the conclusion goes no further than “accused.”
Would you rather see the Enforcement Directorate’s formal allegations first, or the two platforms’ responses?
#CoinDCX #Binance
