Tag Archives: WazirX

WazirX users eye other Indian cryptocurrency exchanges after ED probe

Users of the Indian cryptocurrency exchange WazirX are actively looking for new ways to deposit their cryptos to other exchanges. This comes days after the Enforcement Directorate (ED) said it had frozen bank balances of Rs 64.67 crore belonging to WazirX. “I don’t wish to take any further risks,” said Nishant Bhalerao, 28, a Mumbai… Read More »

WazirX Episode Reveals Darker Side Of Crypto: Government Sources

Government sources said the WazirX episode has brought to fore a lot of issues. (Representational) New Delhi: The Enforcement Directorate probe into alleged money laundering by crypto exchange WazirX and the subsequent squabbling among its promoters has revealed the ‘darker side’ of cryptocurrencies, a top government source said on Thursday. The source added that people… Read More »

‘No affiliations, unaware about purpose of transactions’, WazirX on latest ED probe

Days after the Enforcement Directorate (ED) probed WazirX, India’s largest cryptocurrency exchange, the company said that it has no affiliation with any users who indulge in illicit activities. This comes after the ED on Friday said it has seized Rs 65 crore after it found evidence against the company while investigating non-banking financial companies (NBFC)… Read More »

After ED investigation, Binance CEO Changpeng Zhao denies WazirX ownership

Indian cryptocurrency exchange WazirX is in hot water again after Binance, the world’s largest crypto exchange, claimed that it “does not own any equity in Zanmai Labs’, the entity operating WazirX. Binance issued the statement hours after the Enforcement Directorate (ED) on Friday said it had frozen bank balances of Rs 64.67 crore belonging to… Read More »

India Freezes Assets Of Binance-Linked Crypto Exchange WazirX On FX Allegations

India freezes assets of Binance-linked WazirX India’s financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange Binance, as part of its investigation into suspected violation of foreign exchange regulations. The federal Enforcement Directorate (ED) said that it froze assets worth 646.70 million rupees… Read More »