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India\“s most popular cryptocurrency exchange, Binance, has been hit by a major blow as several of its executives were arrested for allegedly engaging in illegal activities.
According to local media reports, the officials were caught red-handed during a surprise raid, which was conducted after months of investigations.
These arrests have sent shockwaves through the Indian cryptocurrency community, as Binance is considered to be the go-to platform for many crypto enthusiasts.
Despite the turmoil, the exchange\“s CEO, Changpeng Zhao, has reassured users that the platform will continue to operate as usual and is taking all necessary measures to ensure the safety of its users\“ assets.
The Indian government has been cracking down on cryptocurrency-related activities recently, with several high-profile cases being investigated. |
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