Chinese-funded loan app used weak Crypto exchange to siphon-off money; ED busts Bengaluru-based shell company Enforcement Directorate's action on a Bengaluru-based shell company clearly shows the danger posed by unregulated crypto exchanges operating within the country and how Chinese racketeers operating loan apps are using these crypto exchanges to divert money abroad. Vipin Vijayan Bengaluru, First Published Aug 12, 2022, 7:58 PM IST The Enforcement Directorate has attached Rs 370 crore worth of deposits of a Bengaluru-based 'shell' company created by two Chinese nationals who left the country in 2020. The ED action came after the agency raided the premises...