India’s ED Reports Searches in $524 Million Crypto Transfer Probe
Edited by Steinar Vigdel Kolnes, Editor, Oslo
India’s ED announced searches in a $524 million crypto transfer investigation, naming Binance and Bybit as platforms allegedly used for overseas payouts.
India’s Enforcement Directorate (ED) has announced searches as part of an investigation into cryptocurrency transfers totaling $524 million, according to The Defiant.
The agency identified Binance and Bybit as platforms allegedly used to make payments abroad. Those claims concern the transfers under investigation.
The announcement did not include charges against either exchange. Their identification as platforms used for the alleged payouts does not establish wrongdoing by either company.
Source: The Defiant
