India’s ED searches in $524 million crypto probe, names Binance and Bybit
AI summary
India's Enforcement Directorate announced searches tied to a probe into roughly $524 million in crypto transfers. The agency named Binance and Bybit as platforms allegedly used for foreign payouts but did not announce charges against either exchange. Traders should watch for follow-on enforcement or compliance actions against major venues in one of the world's largest retail crypto markets.
