India’s ED Probes ₹5,000 Crore Crypto Transactions Involving Binance & Bybit India’s Enforcement Directorate (ED) has launched an investigation into alleged illegal cross-border crypto transactions exceeding ₹5,000 crore. ▶️ Searches conducted in Bengaluru and Madhya Pradesh. ▶️ Probe focuses on suspected FEMA violations. ▶️ Binance and Bybit are among the foreign platforms named in reports. The investigation is ongoing. No finding of guilt against either exchange has been established.