#H J&K SIA raided 3 locations, involving Crypto Assets terror funding case

Home News* Jammu and Kashmir Police's State Investigation Agency (SIA) conducted searches at three locations in connection with a case of terrorist funding related to crypto assets. • These raids took place in Jammu, Udhampur, and Handwara in the Union Territory. • The operation aimed to collect evidence regarding cross-border crypto asset funding used to support terrorist activities and destabilize the region. • Authorities seized important items and electronic devices that are expected to help identify other related individuals in the case. • The investigation is being carried out under relevant provisions of the Anti-Illegal Activities ( Prevention ) Act and the Indian Penal Code. On Friday, the National Investigation Agency of Jammu and Kashmir Police (SIA) raided three different locations within the Union Territory. This operation targeted locations in Jammu, Udhampur, and Handwara as part of an ongoing investigation into terrorist financing through crypto assets. • Advertisement - A police spokesperson confirmed the raids, explaining that these raids aimed to uncover a conspiracy that uses digital currency to fund terrorism and undermine peace in the region. The searches were conducted within the framework of an open investigation concerning FIR No 12/2022 and involved several provisions of the Anti-Illegal Activities ( Prevention ) Act and the Indian Penal Code. The spokesperson noted that the purpose of these actions is to gather critical evidence and identify those who may incite local youth against the Indian Union, posing a risk to national security. * "The search operations have yielded important evidence, marking a breakthrough in uncovering the secret funding network sustaining terrorism in Jammu and Kashmir," * officials stated. Items and electronic devices recovered during the raids are expected to play a key role in revealing the identities of other conspirators and accomplices allegedly involved in these anti-national activities. SIA stated that it remains committed to dismantling the funding networks supporting terrorism. The agency noted that these actions reflect their commitment to upholding national integrity and sovereignty while ensuring the safety of the people of Jammu and Kashmir. For more information on other news, please refer to the relevant reports. No further information was provided in the preliminary statement regarding the value of the seized assets or the specific crypto asset platforms involved. SIA stated that the investigation is ongoing, and further arrests may occur as evidence is analyzed. For more financial updates, visit this link for tax-related news. • Advertisement - #### Previous articles: • Bitcoin hits all-time high, outperforming all other top 10 crypto assets • Bitcoin reaches an all-time high of $118,000, driven by institutional momentum • How Vibe trading makes everyone's emoji coins safer • VeChain surges 9%, Bitcoin sets new historical highs with trading volume spiking • Pump.fun enhances ICO security by acquiring Kolscan wallet tool • Advertisement -