ED searches CoinDCX and Delta Exchange premises
By Abha Lohia · Editor ·
CoinDCX: revenue, valuation and funding and every story →
BengaluruFounded 2018
- CoinDCX is a Bengaluru crypto exchange run by Neblio Technologies; Delta Exchange India is run by Excelium Technologies
- Investigators searched three premises on 4 and 5 November under foreign exchange law over suspected unauthorised cross-border transfers
- The agency says rupee deposits were converted to a stablecoin and sent to overseas exchanges to trade
What happened
- ED searched three premises on 4-5 November.
- Case falls under FEMA.
- Both platforms offered crypto futures and tokenised stocks.
- Customer rupees allegedly became USDT and went abroad.
Why it matters
- Regulators are checking cross-border flows in crypto.
The business
- CoinDCX offers spot and derivatives trading.
The founders
The numbers around it
Financial Services in November 2026: 4 rounds with a disclosed amount, $166 million in all; the biggest was OnEMI (₹832 Cr). Every sector this year →
Other articles talking about it
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