Indian government raids director of Binance-owned cryptocurrency exchange WazirX, freezes $8.14 million

“WazirX failed to provide crypto transactions of suspicious fintech APP companies and disclose KYC. Conducted a search operation under PMLA on August 3, 2022 and found that WazirX Director Mr. Sameer Mhatre had full remote access to WazirX, although he did not provide access to WazirX Transaction details related to crypto assets that were purchased from the criminal proceeds of the Instant Loan APP fraud,” the press release continued.

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