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Enforcement Directorate Freezes Crypto Exchange WazirX's Bank Assets Worth ₹64.67 Crores (8M USD)
ED searches the Director of WazirX Crypto-Currency Exchange & freezes its bank assets worth Rs 64.67 Crores.
Himanshu S.
11:15 5th Aug, 2022
Frauds

The Enforcement Directorate on  Friday conducted searches on the Director of WazirX Crypto-Currency Exchange, Sameer Mhatre. The central probe agency also froze its bank assets worth Rs 64.67 Crores for assisting accused Instant Loan APP Companies in the laundering of fraud money via purchase and transfer of virtual crypto assets.

The development comes days after Minister of State for Finance Pankaj Chaudhary stated that the ED is investigating two cases related to WazirX, for alleged violation of the Foreign Exchange Management Act.



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