🚨Indian #Crypto Exchanges Misusing USER Assets?!
Haider AL-Saadi
Updated at: 3 days ago
{"content":"🚨Indian #Crypto Exchanges Misusing USER Assets?!
Income Tax Dept of India 🇮🇳 probe finds Indian crypto exchanges are using customer funds without consent.
⭕️ Activities include lending, staking, and trading with user assets.
⭕️ No profit-sharing with users; exchanges keep all gains.
⭕️ Users can still sell their tokens, but funds may already be deployed by exchanges.
⭕️ Experts warn this is “rehypothecation & commingling”, the same risky practice linked to FTX’s collapse.
⭕️ Terms & conditions are vague, leaving investors exposed.
Will this report lead to strict #Crypto regulation in India? 🤔
Source: Times of India","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/31/7c98db5a2c7a49fb8df79e40be920788.png"],"tags":[],"tradingPairs":[],"quotearticleid":0}