WazirX helped illegal Chinese companies? ED freezes Indian crypto firm's Rs 65 Cr assets

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The Enforcement Directorate has frozen bank deposits of ₹64.67 crore as part of a money laundering probe against cryptocurrency exchange WazirX. The federal agency said it conducted raids against a director of Zanmai Lab Pvt. Ltd., which owns WazirX, 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. Watch to find out how Crypto exchange companies helped illegal Chinese firms divert money.

#crypto #wazirx #enforcementdirectorate #india #hyderabad #zanmailabpvtltd #nischalshetty #moneylaundering #china

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