India’s ED questions CoinDCX, Delta over alleged offshore USDT transfers
India’s Enforcement Directorate is scrutinizing CoinDCX and Delta over allegations involving customer funds routed through USDT to overseas exchanges.
India’s Enforcement Directorate is scrutinizing CoinDCX and Delta over allegations involving customer funds routed through USDT to overseas exchanges. Tether (USDT) is trading at ₹94 ($0.9991). This is an original Token Times brief based on reporting by CryptoPotato, with live market data added, as of Fri, 13 Nov 2026 03:15:01 UTC.
The inquiry targets how a major Indian crypto platform handled customer funds and whether cross-border transfers were properly authorized. Any findings could affect the exchange’s operations and broader regulatory expectations for crypto-asset activity in India.
- ED alleges CoinDCX routed customer funds through USDT to foreign exchanges
- CoinDCX and Delta are named in connection with alleged unauthorized overseas trades
- USDT supply stands at $175.48B according to DeFiLlama
- Bitcoin fell 3.73% over 24 hours amid extreme fear
- Binance co-founder cautions on USDT transfers tied to Myanmar and Cambodia
- LBank Reviews Alleged $1 Million USDT Account Restriction Dispute
- UsdtPull Review Targets the Energy Cost of USDT Transfers on TRON
- FEMA search hits Bengaluru sites linked to CoinDCX and Delta Exchange
- India’s ED questions CoinDCX, Delta over alleged offshore USDT transfers — this brief
India’s Enforcement Directorate has turned its attention to CoinDCX and Delta over alleged unauthorized overseas trading activity. CryptoPotato reports that the ED alleges CoinDCX routed customer funds through USDT to foreign exchanges without the required authorization. The supplied coverage characterizes the matter as an allegation rather than a final determination.
The headline identifies both CoinDCX and Delta and describes the amount involved as billions, but the available summary does not specify the currency, precise value, transaction period, or Delta’s alleged role. CryptoPotato is the only outlet providing coverage in the supplied material, so the core allegation currently rests on a single report and no additional outlet independently corroborates the claims.
The mechanism at issue centers on USDT, a dollar-pegged token commonly used to move value between platforms and across borders. DeFiLlama reports a circulating USDT supply of $175.48 billion, giving the asset relevant scale within the crypto market. Stablecoin supply itself does not establish whether any particular transfer was authorized or unauthorized, but it shows the broader financial infrastructure in which the alleged activity occurred.
Market conditions are broadly weak. Total crypto market capitalization stands at $2.44 trillion, 
Bitcoin is down 3.73% over 24 hours, and the Fear & Greed index is at 20, labeled Extreme Fear. 
Tether trades near $0.999064, with no reported 24-hour change and a 0.01% seven-day gain; its live market capitalization is $175.55 billion. The immediate watch points are the ED’s evidence, the exact amounts and parties involved, and any formal response from CoinDCX or Delta.
Since this brief published about 4 hours ago, Tether (USDT) has moved from ₹94.00$0.9991 to ₹94.00$0.9991 — -0.00%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₹99.47 (about $0.9991), down 0.0% over 24 hours. The rupee itself trades about 5.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 13, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
India’s ED questions CoinDCX, Delta over alleged offshore US — questions & answers
What does India’s ED allege against CoinDCX?
CryptoPotato reports that the ED alleges CoinDCX routed customer funds through USDT to foreign exchanges without proper authorization.
Which other entity is named in the investigation?
Delta is named alongside CoinDCX in the supplied headline, although the available summary does not detail Delta’s alleged role.
How large is the USDT market involved in the allegations?
DeFiLlama reports USDT circulating supply of $175.48 billion, while live market data puts Tether’s market capitalization at $175.55 billion.
How much is 1 Tether worth in rupee today?
About ₹99.47 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9991. The rupee price moves with both USDT's US-dollar price and the USDT/INR rate; use our Tether in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CryptoPotato. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.