Enforcement Directorate Probes Crypto Platforms

The Enforcement Directorate launched a probe into alleged forex violations by crypto platforms Mudrex, Saber.money and Instadapp on October 27. The investigation involves unauthorised cross-border fund transfers worth more than ₹4,940 Cr using stablecoins such as USDT and USDC. The agency conducted searches at three premises in Bengaluru and one in Madhya Pradesh.