The ED alleges the crypto platforms routed thousands of crores in customer transactions through overseas exchanges using USDT, bypassing FEMA's cross-border payment framework. ED searched three Bengaluru sites linked to CoinDCX and Delta Exchange India on November 4-5 over alleged FEMA breaches, officials said. The agency suspects overseas crypto and tokenised-stock. Enforcement Directorate conducted searches at three premises in Bengaluru over alleged unauthorised cross-border transactions involving cryptocurrency derivatives and tokenised stocks,.