{"id":66995,"date":"2022-09-12T12:05:23","date_gmt":"2022-09-12T09:05:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66995"},"modified":"2025-09-07T04:19:52","modified_gmt":"2025-09-07T01:19:52","slug":"indian-authorities-unfreeze-assets-of-bitcoin-exchange-wazirx","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/indian-authorities-unfreeze-assets-of-bitcoin-exchange-wazirx\/","title":{"rendered":"Indian authorities unfreeze assets of Bitcoin exchange WazirX"},"content":{"rendered":"<p>The Indian cryptocurrency exchange WazirX has regained access to its bank accounts that had been frozen by the Enforcement Directorate (ED) of the Ministry of Finance.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Update on ED investigation: <\/p>\n<p>The ED has unfrozen the bank accounts of WazirX. In cooperation with investigators, WazirX provided all necessary details &#038; documents of the alleged accused companies that used the WazirX platform.<\/p>\n<p>More on this \ud83d\udc47<a href=\"https:\/\/t.co\/DU36aT2oJA\">https:\/\/t.co\/DU36aT2oJA<\/a><\/p>\n<p>\u2014 WazirX: India Ka Bitcoin Exchange (@WazirXIndia) <a href=\"https:\/\/twitter.com\/WazirXIndia\/status\/1569209190219923456?ref_src=twsrc%5Etfw\">September 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In August, the ED <a href=\"https:\/\/u1f987.com\/en\/news\/binance-owned-indian-exchange-wazirx-suspected-of-laundering-350-million\">suspected WazirX<\/a> of laundering $350 million. According to media reports, the regulator froze the exchange&#8217;s assets worth $8.16 million as part of the case.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The Enforcement Directorate is conducting investigations into 16 fintech companies and crypto-lending services. Some of them used the WazirX platform. The company is cooperating with the investigation, providing all necessary information, data and documents&#8221;, said the new statement.<\/p>\n<\/blockquote>\n<p>Representatives of the exchange stressed that they have no relation to any of the 16 companies.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Thanks to cooperation from WazirX and AML checks that led to the freezing of suspicious accounts, the ED unfroze WazirX&#8217;s assets&#8221;, the company said.<\/p>\n<\/blockquote>\n<p>In August, Binance CEO Changpeng Zhao said that the <a href=\"https:\/\/u1f987.com\/en\/news\/changpeng-zhao-denies-link-between-binance-and-indian-bitcoin-exchange-wazirx\">company never owned<\/a> a stake in Zanmai Labs, the entity behind WazirX. According to him, the deal announced in November 2019 never closed.<\/p>\n<p>As reported, co-founder Nischal Shetty <a href=\"https:\/\/u1f987.com\/en\/news\/wazirx-co-founder-refutes-claims-by-binance-chief-changpeng-zhao\">refuted Zhao&#8217;s statements regarding the relationship between the companies<\/a>. He said there are documents confirming the sale, but he cannot show them \u201cfor legal reasons\u201d.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian cryptocurrency exchange WazirX has regained access to its bank accounts that had been frozen by the Enforcement Directorate (ED) of the Ministry of Finance.<\/p>\n","protected":false},"author":1,"featured_media":66996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,278],"class_list":["post-66995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-india"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=66995"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66995\/revisions"}],"predecessor-version":[{"id":66997,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66995\/revisions\/66997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/66996"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=66995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=66995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=66995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}