India Unblocks WazirX Assets

India-based crypto exchange WazirX has regained access to its bank accounts, which had previously been blocked by the Enforcement Department (ED) of the country’s Treasury.

The ED suspected in August WazirX of laundering $350 million. According to local media, the watchdog then froze the assets of the exchange, which at the time amounted to $8.16 million.

The new report reads:

“The Department of Law Enforcement is investigating 16 fintech companies and crypto lending services. Some of them used the WazirX platform. The company is cooperating with the investigation by providing all the necessary information, information and documents.”

According to representatives of the exchange, they “are not related” to any of the 16 companies.