India’s ED Seizes ₹8.46 Crore in Cyber-Fraud Linked to CoinDCX
The Enforcement Directorate (India’s financial crime agency) froze funds across 92 bank accounts after scammers converted stolen money into USDT via major crypto platforms.
USDT
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Terms & Concepts
Enforcement Directorate (ED): India’s financial crime investigation agency responsible for enforcing anti-money laundering and foreign exchange laws.
USDT: A stablecoin pegged to the US dollar, commonly used for trading and transfers in cryptocurrency markets.
P2P (peer-to-peer) trading: A method allowing direct cryptocurrency transactions between users without an intermediary exchange control.