Indian police arrest 2 suspects involved in cryptocurrency terrorism financing

According to the Times of India, the Gujarat police have arrested two suspects involved in a cryptocurrency network crime, which is suspected of trading amounts exceeding 226 million rupees. Investigators stated that this network is related to terrorist financing, global drug trafficking, and dark web financial activities.

Officials stated that this arrest operation is part of an ongoing investigation into the use of cryptocurrency channels for terrorist financing. Previously, 10 suspects had already been arrested during the investigation. The latest two suspects are accused of using the KYC information of a man named Sabbir Ali Sarani to create a Binance wallet and receiving 5,000 USDT through layered transactions.