On Friday ED Freezes WazirX Bank Accounts for Banking Assets worth 64.7 Crores.

ED said Chinese loan lending companies were shut down in India and diverted their funds through crypto exchanges. Maximum funds were transferred through the WazirX.

WazirX: We have been fully cooperating with the Enforcement Directorate (ED) for several days and have responded to all their queries fully and transparently.

We do not agree with the allegations in the ED press release. We are evaluating our further plan of action.

Binance CEO Changpeng Zhao replied that they have not owned any share of Zanmai Labs the entity operating WazirX.