Crypto exchange WazirX's bank assets worth ₹65 crore frozen by ED

ED has frozen bank assets worth ₹64.67 crore of Indian cryptocurrency exchange WazirX following a search on the premises of its Director Sameer Mhatre. ED said the action is for "assisting accused instant loan app companies in laundering fraud money via purchase and transfer of virtual crypto assets". The government earlier said ED is probing WazirX transactions worth ₹2,790 crore.