According to CoinMeta, the Indian Financial Crimes Investigation Bureau conducted searches at three locations in Bangalore related to cryptocurrency exchanges CoinDCX and Delta, involving suspected foreign exchange violations. The bureau accused CoinDCX of converting users' Indian rupees into USDT and executing transactions through a shell company based in Costa Rica at external exchanges such as Binance, KuCoin, Bybit, and Gate.io. The agency stated that the amount of these cross-border transactions amounted to hundreds of billions of Indian rupees.