Crypto exchange CoinSwitch Kuber raided by ED for FEMA violations
The ED conducted searches at various premises of Yellow Tune Technologies Pvt Ltd in Bengaluru, and froze assets belonging to Flipvolt crypto exchange which runs the Darshan Bathija-led Vauld.
As many as 10 crypto exchanges are under the ED radar for their alleged involvement in money laundering. Pic: Reuters / https://twitter.com/CoinSwitchKuber