CoinDCX, Delta Exchange Bengaluru offices raided over overseas trades worth crores

The ED searched offices linked to crypto platforms CoinDCX and Delta Exchange in Bengaluru over alleged unauthorised overseas transactions worth thousands of crores. ED claimed customer deposits were converted into USDT and routed through foreign exchanges using a Costa Rica-based shell entity. The transactions are currently probed for alleged violations of Foreign Exchange Management Act (FEMA).