The Indian government has launched a major investigation into over 400 high-net-worth individuals accused of crypto tax evasion linked to their trading activities on the world’s largest cryptocurrency exchange, Binance. Authorities are focusing on transactions between 2022 and 2025, where traders allegedly failed to report profits from using the platform. The probe is being led by the Central Board of Direct Taxes (CBDT), which has called for detailed reports by October 17th. 400+ individuals are under scrutiny as they allegedly bypassed tax obligations by utilizing untraceable channels such as bank accounts, Google Pay, and even cash, though Binance subsequently discontinued its cash payment option.