Read more about Yet to receive any ED notice, your funds are absolutely safe, says WazirX on Business Standard. "WazirX is yet to receive any show-cause notice from the Enforcement Directorate as mentioned in today s media reports. WazirX is in compliance with all applicable laws," the company said.
As per ED, users of WazirX received cryptocurrency worth Rs 880 crore via its pool account from Binance accounts and transferred out cryptocurrency worth Rs 1,400 crore to Binance accounts during its probe
ED says accused Chinese nationals had laundered proceeds of crime worth around Rs 57 crore by converting INR deposits into cryptocurrency USDT and then transferring the same to Binance accounts