INDIA RAIDS TWO CRYPTO EXCHANGES 🚨
Look what happened in India: the financial crimes agency raided the offices of CoinDCX, the country’s largest exchange, and Delta Exchange on November 4 and 5. They’re accused of moving their customers’ money abroad without authorization, using $USDT to trade on Binance, KuCoin, and other platforms, and selling tokenized shares of Apple, Google, and Tesla that were actually derivatives on Hyperliquid.
I think this makes it clear that no exchange, no matter how big, is above the law.
Do you think other countries will tighten their oversight of exchanges after this?
#Crypto
Look what happened in India: the financial crimes agency raided the offices of CoinDCX, the country’s largest exchange, and Delta Exchange on November 4 and 5. They’re accused of moving their customers’ money abroad without authorization, using $USDT to trade on Binance, KuCoin, and other platforms, and selling tokenized shares of Apple, Google, and Tesla that were actually derivatives on Hyperliquid.
I think this makes it clear that no exchange, no matter how big, is above the law.
Do you think other countries will tighten their oversight of exchanges after this?
#Crypto
