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Friday, August 12, 2022

Rs 370 crore assets of the crypt o exchange Vault frozen by a ED.

Rs 370 crore assets of the crypt o exchange Vault frozen by a ED.

Days after in the ED froze in the assets of  the WazirX, another cryptocurrency exchange is a now under  in the agency's scanner.


The Enforcement Directorate froze assets worth  a Rs 370 crore of the cryptocurrency exchange Vault on a Thursday. This comes just days after in the financial probe agency froze assets of  the cryptocurrency exchange WazirX in a connection with a money laundering probe.

Mean while, global crypt o exchange Finance on a Monday said it is a closing off-chain fund transfers with a WazirX which is a facing probe for a outward remittance of the  crypt o assets worth a Rs 2,790 crore to unknown wallets.

The ED is conducting to a money laundering investigation against a number of the Indian Non-Banking Financial Company (N B F C) companies and in  their fin-tech partners for a predatory lending practices in a  violation of the RBI guidelines and by a using tel-callers who misuse personal data and use a abusive language to the extort a high interest rates from in the loan takers.

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