The exchange said it helped Gujarat CID retrace transactions, analyze blockchain activity and restrict accounts as authorities said arrests in the case reached 14.
Binance said it supported an ongoing Gujarat CID Crime’s Cyber Centre of Excellence investigation into alleged illicit cryptocurrency flows worth roughly ₹226.54 crore, or about $23.96 million, helping with transaction retracing, blockchain analysis and account restrictions tied to lawful requests. The exchange said authorities have publicly reported 14 arrests after more than four months of field operations and technical review, extending a case first disclosed in May 2026 and linked by investigators to dark web narcotics activity, alleged terror-financing exposure, cyber fraud and organized crime. Police have also alleged links to wallets tied to sanctioned entities and said the network used layered wallet routing, Monero and USDT before cashing out, while the Gujarat CID says further arrests and seizures remain possible as international leads are pursued.