WazirX announced that ED has unfrozen its bank accounts

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Cryptocurrency exchange WazirX, announced that the Enforcement Directorate (ED) has unfrozen its bank accounts, which had been frozen as part of the agency’s investigation into illegal Chinese loan apps.

“WazirX is now in a position to resume normal banking operations,” the exchange said in a statement. The ED froze the crypto exchange’s bank assets worth INR 64.67 Cr last month. According to a statement issued at the time, the investigation agency conducted searches on one of the directors of Zanmai Labs Pvt Ltd, the owner of WazirX, and issued an order freezing bank balances totaling INR 64.67 Cr. According to WazirX’s most recent statement, the ED is investigating 16 fintech companies and instant loan providers.

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WazirX announced that ED has unfrozen its bank accounts

Cryptocurrency exchange WazirX, announced that the Enforcement Directorate (ED) has unfrozen its bank accounts, which had been frozen as part of the agency’s investigation into illegal Chinese loan apps.

“WazirX is now in a position to resume normal banking operations,” the exchange said in a statement. The ED froze the crypto exchange’s bank assets worth INR 64.67 Cr last month. According to a statement issued at the time, the investigation agency conducted searches on one of the directors of Zanmai Labs Pvt Ltd, the owner of WazirX, and issued an order freezing bank balances totaling INR 64.67 Cr. According to WazirX’s most recent statement, the ED is investigating 16 fintech companies and instant loan providers.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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