Update
India’s ED Targets CoinDCX and Delta Over Alleged Unauthorized Trades
India's Enforcement Directorate conducted searches at CoinDCX and Delta Exchange India for alleged violations of foreign exchange rules related to unauthorized cross-border crypto transactions, involving billions of rupees. The investigation, under the Foreign Exchange Management Act (FEMA), claims CoinDCX moved customer funds overseas for derivatives trading and tokenized shares without authorization, utilizing various foreign exchanges. Both exchanges are also under scrutiny for potential conflicts with securities regulations, while CoinDCX faces ongoing security concerns following a significant cyberattack in 2025.