BREAKING: ED RAIDS COINDCX & DELTA EXCHANGE OVER ALLEGED CRYPTO TRANSACTION VIOLATIONS

India's Enforcement Directorate searched three Bengaluru premises linked to both exchanges over alleged FEMA violations.

Allegations:
▶️ INR converted into $USDT and routed overseas.
▶️ Funds allegedly transferred to Binance, KuCoin and other exchanges.
▶️ Offshore derivatives and tokenised stock transactions worth thousands of crores under investigation.

Both exchanges say operations continue normally and customer funds remain safe.
No wrongdoing has been legally established.