🚨 BREAKING: India's Enforcement Directorate is probing over $585M in crypto transfers it says crossed borders without authorisation.
Investigators searched four premises on Oct 27 in Bengaluru and Madhya Pradesh. The case centres on Mudrex and Saber.money ($538M in alleged violations) plus Instadapp/Fluid ($40M). Binance and Bybit were named as platforms used — but the ED made no allegation against either exchange, and announced no arrests or charges.
Is this crackdown good for crypto's future, or a warning sign? Drop your take below. 👇
Follow @zimbuckapp for verified finance news daily.
#India #CryptoNews #Binance #Bybit #CryptoRegulation #Bitcoin #FinanceNews #Zimbuck
Join the conversation on Zimbuck — the finance social platform for traders & investors: https://zimbuck.com
Investigators searched four premises on Oct 27 in Bengaluru and Madhya Pradesh. The case centres on Mudrex and Saber.money ($538M in alleged violations) plus Instadapp/Fluid ($40M). Binance and Bybit were named as platforms used — but the ED made no allegation against either exchange, and announced no arrests or charges.
Is this crackdown good for crypto's future, or a warning sign? Drop your take below. 👇
Follow @zimbuckapp for verified finance news daily.
#India #CryptoNews #Binance #Bybit #CryptoRegulation #Bitcoin #FinanceNews #Zimbuck
Join the conversation on Zimbuck — the finance social platform for traders & investors: https://zimbuck.com
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