WazirX, an India Crypto exchange, is now facing rough times as the financial watchdog of India, the Enforcement Directorate (ED), has frozen the company's
Zanmai Labs Private Limited, co-operated by them and Binance in a recent statement clarified that the Directorate of Enforcement (ED) appears to be investigating the flagged transactions of certain users.
The central probe agency said it conducted raids against one of the directors of Zanmai Labs Private Limited, which owns WazirX, on August 3 in Hyderabad and alleged he was "non-cooperative".