The Enforcement Directorate froze assets worth ₹370 crore of cryptocurrency exchange Vauld on Thursday, reported India Today.
This happened barely days after the probe agency froze assets of cryptocurrency exchange WazirX in connection with a money laundering probe.
Meanwhile, global crypto exchange Binance on Monday stated that it was closing off-chain fund transfers with WazirX which is facing probe for outward remittance of crypto assets worth ₹2,790 crore to unknown wallets.
Zanmai Lab, which operates WazirX, was the subject of searches by the ED, which ordered the freezing of its bank accounts totalling ₹64.67 crore.
The ED is conducting a money laundering investigation against a number of Indian Non-Banking Financial Company (NBFC) companies and their fintech partners for predatory lending practices in violation of the RBI guidelines and by using tele-callers who misuse personal data and use abusive language to extort high interest rates from the loan takers.