Bank Accounts of Indian Crypto Exchange WazirX Unfrozen by Indian Law Enforcement Agency

The Indian encryption exchange WazirX was updated by the Indian Law Enforcement Agency to investigate the progress of the incident, saying, "WazirX has been cooperating with investigators and providing them with all necessary details, information and documents of the accused company using the WazirX platform. WazirX has no relationship with any alleged financial There is no connection between the technology and the instant loan app entities, which appear to be the subject of an investigation by the Indian Enforcement Agency. Due to WazirX’s active cooperation and anti-money laundering (AML) checks, suspicious accounts have been blocked, and the Enforcement Agency has now unfrozen WazirX’s bank accounts.” Earlier, the Indian Law Enforcement Agency searched the director of the WazirX cryptocurrency exchange and froze its bank assets worth 646.7 million rupees (about 8.156 million U.S. dollars).