ED freezes over Rs 64-crore bank deposits of crypto exchange WazirX
The federal agency said it conducted raids against a director of Zanmai Lab Pvt Ltd, which owns WazirX, on August 3 in Hyderabad and alleged he was "non-cooperative". The agency's probe against the crypto exchange is linked to its ongoing investigation against a number of Chinese loan apps (mobile applications) working in India.
The agency had charged WazirX last year for alleged contravention of the Foreign Exchange Management Act (FEMA). Pic: wazirx.com and Pixabay