India's ED Targets CoinDCX and Delta Over Billions in Alleged Unauthorized Trades - India's Enforcement Directorate has searched CoinDCX and Delta Exchange India for alleged violations of foreign exchange laws related to unauthorized crypto transactions involving billions of rupees. • The investigation, under the Foreign Exchange Management Act (FEMA), alleges that CoinDCX transferred customer funds overseas to trade derivatives and stocks without authorization, using various foreign exchanges. Both exchanges are also under scrutiny for potential conflicts with securities regulations, while CoinDCX faces ongoing security concerns after a major cyber attack in 2025.

India's ED Targets CoinDCX and Delta Over Billions in Alleged Unauthorized Trades - India's Enforcement Directorate has searched CoinDCX and Delta Exchange India for alleged violations of foreign exchange laws related to unauthorized crypto transactions involving billions of rupees. • The investigation, under the Foreign Exchange Management Act (FEMA), alleges that CoinDCX transferred customer funds overseas to trade derivatives and stocks without authorization, using various foreign exchanges. Both exchanges are also under scrutiny for potential conflicts with securities regulations, while CoinDCX faces ongoing security concerns after a major cyber attack in 2025.