scorecardresearchED raids director of crypto firm WazirX, freezes ₹64.67 crore bank balance

ED raids director of crypto firm WazirX, freezes 64.67 crore bank balance

Updated: 05 Aug 2022, 05:13 PM IST
TL;DR.
The Directorate of Enforcement (ED) said on Friday it had conducted searches on the premises of one of the directors of Zanmai Lab Pvt Ltd, which owns the popular Crypto-currency exchange WazirX, and has issued an order to freeze their bank balances to the tune of 64.67 crore.
FILE - The Bitcoin logo appears on the display screen of a cryptocurrency ATM in Salem, N.H., Feb. 9, 2021. A bipartisan group of senators has proposed a bill to regulate cryptocurrencies. It's the latest attempt by Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked recently by collapsing prices and lenders halting operations. (AP Photo/Charles Krupa, File)

FILE - The Bitcoin logo appears on the display screen of a cryptocurrency ATM in Salem, N.H., Feb. 9, 2021. A bipartisan group of senators has proposed a bill to regulate cryptocurrencies. It's the latest attempt by Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked recently by collapsing prices and lenders halting operations. (AP Photo/Charles Krupa, File)