# India’s Financial Crimes Agency Searches CoinDCX, Delta Exchange Over Offshore Trades

- URL: https://talkfuse.com/story/indias-financial-crimes-agency-searches-coindcx-delta-exchange-over-offshore-trades/
- Published: 2026-11-12T12:03:10+00:00
- Updated: 2026-11-12T12:23:18+00:00
- Original publisher: Decrypt
- Original article: https://decrypt.co/383126/indias-financial-crimes-agency-searches-coindcx-delta-exchange-over-offshore-trades
- Topics: Asia, World

## Key points

- India searched premises linked to CoinDCX and Delta Exchange.
- Investigators allege unauthorised cross-border crypto trades.
- Both exchanges deny violations and say trading remains operational.

## Summary

India’s Enforcement Directorate has searched three Bengaluru premises linked to CoinDCX and Delta Exchange as part of an investigation into alleged unauthorised cross-border crypto trades. The agency says the transactions may have breached foreign exchange rules and other financial laws; both exchanges deny wrongdoing and say they are cooperating.

The searches took place on 4 and 5 November under the Foreign Exchange Management Act. The agency alleges CoinDCX routed rupee-funded trades through USDT and overseas exchanges, and that Delta’s derivatives trading was largely executed through CoinDCX; it says the sums involved reached hundreds of millions of dollars. Both firms say their services remain operational. The investigation comes after CoinDCX reported a $16 million loss from retired wallets, following a roughly $44 million exploit in July 2025.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.