Binance CEO Richard Teng said the exchange worked with India’s data protection body DSCI to support the country’s Narcotics Control Bureau, or NCB, in efforts against darknet drug gangs using on-chain transaction tracing. The statement, cited by Cointelegraph and carried by Techub News, framed the cooperation as an example of how blockchain’s transparent transaction record can be used to follow illicit fund movements. Teng’s remarks also pointed to a broader pattern of coordination between crypto trading platforms and law enforcement agencies in cases involving digital-asset crime. The report did not disclose additional operational details, timelines, or case outcomes, but it identified the collaboration as a joint effort involving Binance, DSCI, and the Indian authorities.
Binance CEO Richard Teng said the exchange worked with India’s data protection body DSCI to help the country’s Narcotics Control Bureau (NCB) crack down on darknet drug gangs through on-chain transaction tracing.
According to Cointelegraph, the cooperation was presented as a case showing blockchain’s transparency in tracking illicit fund flows. It also highlighted coordination between a crypto exchange and law enforcement in cases tied to digital-asset crime.
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