Wazirx Directors Searched by Indian Law Enforcement Agency, Frozen Bank Assets Worth About $8.156 Million

The Indian Enforcement Agency has searched the director of the Wazirx cryptocurrency exchange and frozen its bank assets worth 646.7 million rupees (about 8.156 million U.S. dollars) to assist the accused instant loan APP company to launder money through the purchase and transfer of virtual crypto assets. Foresight News previously reported that, according to a written reply from Pankaj Chaudhary, Minister of State for Finance in the upper house of the Indian Parliament, WazirX, an Indian encryption exchange, is being investigated for two money laundering and violations of foreign exchange rules, claiming that 27.9 billion rupees (over 350 million U.S. dollars) were involved in money laundering on the platform. ).