ED Searches 5 Crypto Platforms Over Alleged Illegal Cross-Border Transfers (opens in new tab)

The Enforcement Directorate (ED) conducted searches at multiple premises linked to five Bengaluru-based platforms in connection with alleged unauthorised cross-border transfer of money via cryptocurrencies. In a press statement, ED said that the searches, which took place on June 17, were conducted at six premises linked to Web3 payments platform Transak, crypto trading platform Carret, remittance startup Xpat (formerly Remit2Any), cashback and coupon platform BuyHatke (under radar for operat...