Binance Helps India Bust Cryptocurrency Network Linked to Terror Financing

Binance has confirmed its role in an ongoing investigation by India's Gujarat CID Crime's Cyber Centre of Excellence (CCoE) into alleged illicit crypto transactions worth ₹226.54 crore, or about $23.96 million.

The exchange said it assisted investigators with transaction retracing, blockchain analysis, and restricted certain accounts where appropriate, in response to lawful requests.

The investigation has resulted in 14 arrests so far, following more than four months of field operations and technical review by the state agency.