Binance has actively collaborated with Indian authorities to combat financial crimes and ensure regulatory compliance. Its financial intelligence unit has supported law enforcement in several high-profile cases. In September 2024, Binance aided the Enforcement Directorate (ED) in recovering $47.6 million from the Fiewin gaming app scam by tracing transactions and freezing assets. In May 2024, it helped dismantle the $10 million E-Nugget money laundering ring, leading to arrests and seizures. In October 2024, Binance worked with Delhi Police to bust the "M/s Goldcoat Solar" fraud, seizing over 100,000 USDT. In August 2025, it assisted the Narcotics Control Bureau in disrupting a major darknet drug operation through transaction analysis and asset freezing. Beyond investigations, Binance registered with India’s Financial Intelligence Unit in May 2024, complying with anti-money laundering and KYC regulations to resume operations legally after a prior ban. It is also addressing a $86 million GST notice issued in August 2024. These efforts highlight Binance’s commitment to partnering with Indian authorities to enhance crypto ecosystem safety, though challenges like regulatory scrutiny and user KYC issues persist. For updates, monitor official statements from Binance or Indian agencies, as the crypto landscape evolves rapidly.
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