ED Conducts Searches On Crypto Exchange WazirX’s Director, Freezes Rs 64.67-Crore Bank Assets

The Enforcement Directorate (ED) on Friday conducted searches on one of the directors of Zanmai Lab, which owns cryptocurrency exchange WazirX. It has frozen bank assets worth Rs 64.67 crore.

The ED is conducting money laundering investigation against many Indian NBFC companies and their fintech partners for predatory lending practices.

Launched in 2017, WazirX today is one of India’s biggest crypto trading platforms.

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