The Enforcement Directorate (ED) announced on Friday that it has frozen Rs 64.67 crore in bank deposits as part of a money laundering investigation into WazirX.
The investigation into the crypto exchange is linked to the agency’s ongoing investigation into a number of Chinese loan apps (mobile applications) operating in India.
The federal agency said it raided a director of Zanmai Lab Pvt Ltd, which owns WAZirX, on August 3 in Hyderabad and accused him of being “uncooperative.”