ED Probes Crypto Platforms Over ₹4,940 Cr

The Enforcement Directorate launched investigations into crypto platforms Mudrex, Saber.money, Instadapp, and Fluid for unauthorized cross-border transfers worth ₹4,940 Cr. Searches occurred on October 27 at four premises in Bengaluru and Madhya Pradesh under FEMA regulations, targeting alleged violations exceeding ₹4,600 Cr and $40 Mn in separate cases involving stablecoins like USDT and USDC.