Binance allegations 'false & misleading': WazirX
The company's statement comes days after the Binance gave an ultimatum to Zanmai Labs to stop using Binance Wallets by February 3.
The company's statement comes days after the Binance gave an ultimatum to Zanmai Labs to stop using Binance Wallets by February 3.
The ED is investigating several cases related to cryptocurrency frauds wherein a few crypto exchanges have been found involved in money laundering, says MoS Pankaj Chaudhary
Bank accounts unfrozen after ED received all details and documents related to the money laundering probe; most “suspicious” accounts blocked in 2020-21, says WazirX
CoinSwitch downplays the raids by saying it continuously engages with all stakeholders. Earlier this month, ED raided Zanmai Labs over a loan app fraud case and froze assets worth ₹64.67 cr
After the ED probe found out the company was involved in facilitating illegal entities to send money out of India, WazirX claims the platform, like any other platform, could have been "misused"
Owners disown WazirX after allowing it to facilitate around 16 accused fintech companies to allegedly launder proceeds using the crypto route
Changpeng Zhao claims that the WazirX acquisition deal was never closed.