India: After WazirX, ED Attaches Assets Worth $46M From Crypto Exchange Vauld – BeInCrypto

On Thursday, reports underlined that the Indian Enforcement Directorate (ED) blocked bank assets worth Rs 370 crore (around $46 million) that belonged to the troubled crypto exchange Vauld.

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Crypto Exchanges Under Probe In India For $125 Million Laundering Scheme | Bitcoinist.com

India’s financial crime-busting agency is now zooming its lens on more than 10 cryptocurrency exchanges in the country for what it believes is illegally moving more than 10 billion rupees ($125 million) offshore.

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Binance sides with Indian regulators in WazirX fallout to cease support for off-chain transfers

As reported by local news outlet The Economic Times on Monday, Binance is scheduled to remove off-chain fund transfers with Indian cryptocurrency exchange WazirX on Thursday, although users will still be able to deposit and withdraw balances via the standard withdrawal and deposit process between th

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Why Does Binance Recommend Shifting Your Crypto From WazirX To Binance | Bitcoinist.com

Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance mentioned that customers who have crypto on WazirX should transfer it to Binance’s platform.
He stated in a Tweet that,

If you have funds on WazirX, you should transfer it to Binance. Simple as that.

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Trouble Deepens for WazirX in India as ED Raids Director & Freezes Bank Accounts – BeInCrypto

On August 5, the Enforcement Directorate (ED) froze the bank account of one of the directors of Zanmai Lab Private Ltd, the operator of the Indian cryptocurrency exchange WazirX.
It is reported that bank assets worth Rs 64.

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Indian authorities freeze $8.1M in WazirX funds as part of AML investigation

India’s Directorate of Enforcement, or ED, has announced it froze roughly $8.1 million in funds and conducted a search connected to cryptocurrency exchange WazirX as part of an investigation into instant personal loan fraud.

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