India's CBI Arrests Mahadev Betting App Kingpin, Dubai Assets and Crypto in Focus
- —CBI arrested Abhishek Kumar in Hyderabad over the Mahadev betting case
- —Proceeds were traced to Dubai assets and crypto including BTC and USDT
- —Eight chargesheets filed against 100 accused in the case
- —Kumar was detained after arriving from Dubai
Why it matters: The case highlights how illegal betting operations use crypto to launder funds, adding pressure on regulators to tighten oversight.
Source: Coin Edition