Bengaluru's Enforcement Directorate has raided six locations over alleged illegal cross-border money transfers exceeding Rs 2,500 crore using virtual digital assets. The probe targets entities facilitating crypto 'on-ramp' and 'off-ramp' services without regulatory approval, bypassing formal banking channels and foreign exchange norms. Bank accounts worth Rs 6 crore have been frozen as investigations into these unregulated digital asset channels continue.