DECRYPT · 2026-11-12 12:03 UTC

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

India's Enforcement Directorate searched three premises in Bengaluru linked to CoinDCX (operated by Neblio Technologies) and Delta Exchange (operated by Excelium Technologies) on November 4 and 5 under FEMA. The agency alleges unauthorized cross-border trades worth hundreds of millions of dollars, including crypto futures and options and trades in tokenized shares of Apple, Google and Tesla executed on Hyperliquid. CoinDCX denied wrongdoing, calling the visit a routine enquiry and saying it fully cooperated, while Delta Exchange said it has no cross-border transfers and that trading remains…

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