The source says the alleged ₹226 crore network, worth more than $27 million, relied heavily on Monero (privacy-focused cryptocurrency) to obscure transactions tied to drugs, money laundering, and terror financing.
Indian authorities have allegedly dismantled a crypto network valued at ₹226 crore, or more than $27 million, according to the source. The operation is described as being tied to drugs, money laundering, and terror financing, with Monero (privacy-focused cryptocurrency) cited as a key tool used to conceal transaction flows. Privacy coins such as Monero are designed to make blockchain transfers harder to trace than more transparent networks, which is why they often draw scrutiny from regulators and law enforcement. The source does not identify the agency involved, the individuals targeted, or the specific enforcement actions taken.