Description
ED RAIDS COINDCX and DELTA EXCHANGE!
The probe involves alleged unauthorised cross-border crypto derivatives and tokenised stock transactions.
According to the ED, users deposited INR, converted it into USDT, and routed funds to foreign exchanges like Binance, KuCoin, Gate. io and Bybit through a Costa Rica-based entity.
The alleged transaction volume runs into thousands of crores.
These are allegations, and the companies’ responses are awaited.
If you trade on an Indian exchange, do you know where your orders actually go?