Indian police have arrested two suspects for alleged involvement in cryptocurrency terrorism financing.

CoinFeed reported on June 7th that, according to the Times of India, Gujarat police have arrested two suspects involved in a cryptocurrency cybercrime network suspected of transactions exceeding 226 million rupees. Investigators say the network is linked to terrorist financing, global drug trafficking, and dark web financial activities. Officials stated that the arrests are part of an ongoing investigation into the use of cryptocurrency channels for terrorist financing. Previously, 10 suspects had been arrested during the investigation. The two newly arrested suspects are accused of using the KYC information of a man named Sabbir Ali Sarani to create a Binance wallet and receive 5,000 USDT through tiered transactions.