🚨🚨 BIG BREKING :-
⚡ED has raided CoinDCX and Delta Exchange. And the ED press release explains exactly where Indian users' rupees were going.
On 4 and 5 November, ED Bengaluru searched three offices under FEMA. The allegation is simple. Users deposited rupees, the platform converted them into USDT, and the actual trades were executed on foreign exchanges like Binance, KuCoin, Bybit and Gate.io, through an account in the name of a Costa Rica paper entity. Volume: thousands of crores.
Ten days earlier, ED searched Mudrex and Saber.money over 4,600 crore in alleged FEMA violations.
Three big Indian crypto platforms in ten days. Do you know where your money actually goes when you trade?
$AIN $LYN $IDOL
⚡ED has raided CoinDCX and Delta Exchange. And the ED press release explains exactly where Indian users' rupees were going.
On 4 and 5 November, ED Bengaluru searched three offices under FEMA. The allegation is simple. Users deposited rupees, the platform converted them into USDT, and the actual trades were executed on foreign exchanges like Binance, KuCoin, Bybit and Gate.io, through an account in the name of a Costa Rica paper entity. Volume: thousands of crores.
Ten days earlier, ED searched Mudrex and Saber.money over 4,600 crore in alleged FEMA violations.
Three big Indian crypto platforms in ten days. Do you know where your money actually goes when you trade?
$AIN $LYN $IDOL
