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Nischal Shetty, co-founder of Indian crypto exchange WazirX, is raising capital for a new venture, despite his previous one coming under scrutiny from authorities. The post WazirX Co-Founder Seeks Funding For New Venture Valued at $220M appeared first on BeInCrypto.
The ownership of WazirX became a hot topic as CZ claimed the deal never went through, but three years later, there's still no clarity.
Another week has passed and developments in the Binance-Wazirx controversy continue, Nigeria's Economic and Financial Crimes Commission (EFCC) claims it has identified individuals fueling the naira's depreciation, Shark Tank star Kevin O'Leary says crypto “desperately needs policy,” and the government of Nepal is preparing to issue its own digital currency.
The Singapore-based crypto-exchange company – Valud has come under the radar of the Enforcement Directorate of India (ED), the anti-money laundering agency of the country. ED in a press release stated that it had conducted a search at the Bangalore office of Valud and has frozen assets worth Rs. 370 crores (approximately $46 million).
On Thursday, reports underlined that the Indian Enforcement Directorate (ED) blocked bank assets worth Rs 370 crore (around $46 million) that belonged to the troubled crypto exchange Vauld. The post India: After WazirX, ED Attaches Assets Worth $46M From Crypto Exchange Vauld appeared first on BeInCrypto.
Binance chief communication officer Patrick Hillman Accuses WazirX of dragging its feet while transferring ownership.
Last week, the Enforcement Directorate (ED) commenced an investigation on one of the directors of Zanmai Labs Pvt Ltd and froze Rs. 64.47 Crore worth of bank assets belonging to the company. The situation continued to worsen from here. Binance removed the off-chain crypto transfer to WazirX, which was a sought-after feature amongst the users.
Coinspeaker After WazirX, India's Law Enforcement Probes Crypto Exchanges for Alleged Money Laundering
India's Enforcement Directorate, which investigates financial crime, has frozen WazirX bank accounts while it looks at transfers from instant loan companies to international wallets.
The cryptocurrency exchange WazirX and Changpeng Zhao, the founder of Binance, may soon come to a resolution over their ongoing
The central agency Enforcement Directorate (ED) recently probed WazirX and froze its bank accounts worth Rs 64.67 crore. WazirX was investigated over a money-laundering case involving an amount of Rs 2,790 crore. The crypto exchange platform, co-operated by India-headquartered Zanmai Labs and Cayman Islands-based Binance, has now reacted to the money laundering allegations.
Crypto exchange Binance has informed customers of WazirX, its estranged partner, to move their funds to its platform.
In the wake of Binance announcement on ceasing off-chain fund transfer channel with WazirX, the Indian exchange issued a statement. Last week, founders of both the companies have publicly spoken about not owning and controlling WazirX.
Amid an investigation into WazirX, Binance and its CEO have continued to distance the firm from the India-based crypto exchange.
The move highlights discord over behavior of WazirX developer Zanmai Labs, which claims Binance acquired its exchange
Binance has announced plans to cease support for off-chain fund transfers between itself and WazirX, effective August 11. The post Binance to cease off-chain transfers for WazirX appeared first on CryptoSlate.
WazirX, India's leading cryptocurrency exchange, is embroiled in a feud with Binance. We tell you how it got here and why it could turn ugly.
On Friday, India's economic criminal investigation unit announced it had frozen the assets of WazirX, a company associated with Binance, the largest digital currency exchange in
Binance has distanced itself from embattled Indian digital assets exchange WazirX.
Binance has ceased the off-chain fund transfer channel between itself and WazirX On-chain transfers will still be available for the users to deposit and withdraw. Leading cryptocurrency exchange Binance has recently decided to remove the off-chain fund transfer channel between itself and the Indian exchange WazirX.
WazirX is receiving a one-two punch of bad news today as it faces a money laundering probe and a very public spat with Binance.
The move means WazirX and Binance users won't be able to use the off-chain option to send crypto between the two entities. The post Binance disables off-chain transfers between itself and WazirX appeared first on The Block.
Changpeng Zhao warned Binance can shut down WazirX but it would hurt users.
WazirX, India's largest cryptocurrency exchange, is in hot water. On Friday August 5, India's economic crime unit the Enforcement Directorate issued a freezing order on the platform's INR 64.67 Crore (US$8.1mln) of assets while it conducts an investigation into money laundering and predatory lending practices within the company.
