The Enforcement Directorate is probing an alleged ₹5,000 crore cross-border cryptocurrency racket linked to Bengaluru-based RPFAS Technologies Limited. Searches in Bengaluru and Bhopal. Enforcement Directorate raids entities in Bengaluru and Madhya Pradesh over alleged cross-border stablecoin transfers bypassing banking channels. ED searched four premises over alleged crypto transfers worth ₹5,000 crore. Here is what the FEMA investigative case says.