India Unveils ₹226 Crore Crypto Network Linked to Illicit Activities

Indian authorities have made a significant breakthrough in their efforts to combat financial crimes, uncovering a massive cryptocurrency network allegedly linked to drug trafficking, money laundering, and terror financing. The network, which used the privacy-focused digital asset Monero, is reported to be worth ₹226 crore.

According to reports, investigators from Gujarat Cyber are leading the case and have already traced multiple suspicious wallets tied to both Indian and international entities. The authorities claim that the accused used Monero to obscure transaction trails connected to illegal activities, highlighting the growing concern over the use of privacy coins for illicit purposes.