• About Us
  • Careers
  • Contact
No Result
View All Result
Friday, July 4, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

India Freezes Bitcoin on Binance Amid WazirX Cryptocurrency Exchange Investigation

30 September 2022
in Latest News, News
Reading Time: 3 mins read
108 2
India Freezes Bitcoin on Binance Amid WazirX Cryptocurrency Exchange Investigation

source: globletelegraph.com

In line with India’s Prevention of Money Laundering Act, the Directorate of Enforcement (ED) announced that it had frozen 77.62710139 BTC on Binance. The ED is the law enforcement and economic intelligence organization of the Indian government. 

The action is a part of the ED’s investigation into the mobile game E-nuggets. The Bitcoin was reportedly transferred from WazirX (a popular Indian exchange) to Binance. 

According to the law enforcement organization, “Aamir Khan, S/o Nesar Ahmed Khan launched a mobile gaming application namely E-Nuggets, which was designed to defraud [the] public.” 

After receiving a sizable donation from the general public, the claimed app abruptly halted withdrawals under various pretexts. 

Following that, all data from the aforementioned app servers, including profile information, was deleted. 

According to the ED, its investigations revealed that the accused used the Indian cryptocurrency exchange WazirX to send some of the illegally obtained money abroad. 

The accused allegedly opened a bogus WazirX account in the name of “Sima Naskar” (Proprietor of M/s Pixal Design) and used it to purchase cryptocurrencies. 

The ED further explained, “The balance of said transferred cryptocurrencies, i.e. 77.62710139 bitcoins [equivalent to USD 1,573,466 (Rs 12.83 crore approximately)] at Binance crypto exchange has been frozen.” 

Binance was thought to have acquired WazirX in 2019. Binance CEO Changpeng Zhao (CZ) stated that the deal “was never finalized.” He also noted that Binance has never, at any time, owned any shares of Zanmai Labs, the company that runs WazirX. 

In August, the ED froze WazirX’s bank assets worth more than $8 million. WazirX stated that its bank accounts were unfrozen earlier this month. 

The ED also froze $46 million worth of bank and cryptocurrency assets belonging to Vauld, a cryptocurrency platform backed by Peter Thiel. 

In August, the government launched an investigation into the cryptocurrency exchange Coinswitch Kuber. The CEO of the exchange, on the other hand, insisted that it had nothing to do with money laundering investigations.

 

If you would like to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, and Instagram.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share64Tweet40Share11
Adedamola Ojedokun

Adedamola Ojedokun

Related Posts

source: cbsnews.com
Crypto

IRS-CI Criticized for Mishandling Billions in Seized Cryptocurrency

4 July 2025
source: Medium.jpeg
News

Arthur Hayes: Stablecoins May Soon Rescue the U.S. Debt Market

4 July 2025
Arbitrum Foundation Responds to Criticism Over ARB Token Allocation, Agrees to Revise Proposal
DAO

Arbitrum’s Timeboost Policy Generates $2M in Fees, Enhances Transaction Efficiency

4 July 2025
source: learn.bybit.com
Blockchain

Ondo Finance and Pantera Capital Launch $250M Initiative to Accelerate Real-World Asset Tokenization

4 July 2025

Featured Posts

Has Web3 Failed to Protect the Core Innovations of Crypto and DeFi?

Has Web3 Failed to Protect the Core Innovations of Crypto and DeFi?

byOlajumoke Oyaleke
15 June 2025
0

Are Green Cryptocurrencies the Future of Blockchain Sustainability?

Are Green Cryptocurrencies the Future of Blockchain Sustainability?

byOlayinka Sodiq
12 June 2025
0

Web3 Gaming’s Scaling Crisis: Why Innovation Alone Isn’t Enough

Web3 Gaming’s Scaling Crisis: Why Innovation Alone Isn’t Enough

byOlayinka Sodiq
10 June 2025
0

What Is Price Slippage in Crypto & How Can You Avoid It

What Is Price Slippage in Crypto & How Can You Avoid It

byOlayinka Sodiq
4 June 2025
0

The Rise of Decentralized Identity Solutions in DeFi

The Rise of Decentralized Identity Solutions in DeFi

byOlayinka Sodiq
20 October 2024
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

Your Weekend Crypto Roundup | July 2025 (Week 1)

44 minutes ago

Your Weekend Crypto Roundup | June 2025 (Week 4)

7 days ago

What South Korea’s Crypto Strategy Signals for the Next Bull Run?

1 week ago

Why Crypto Projects Are Choosing MiCA Over the US, Even With Regulatory Support on the Rise

1 week ago

Tokenized Treasuries vs. Stablecoins: Where Will Institutional Capital Flow?

1 week ago

Ethereum Transaction Fees Plunge to 5-Year Low Amid Network Lull: What This Means for the Crypto Market

1 week ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    The Open Platform is first unicorn in Web3 ecosystem in Telegram at $1bn valuation

    bychainwire
    3 July 2025
    0

    Cooking.City Bringing Back Value Redistribution to Solana Fair Launches

    bychainwire
    3 July 2025
    0

    Oasis Protocol Foundation Launches ROFL Mainnet: Verifiable OffChain Compute Framework Powering AI Applications

    bychainwire
    2 July 2025
    0

    WEMADE & Redlab Unleash Web3 MMORPG – Global Pre-Registration Open for Aug 2025

    byPressRelease
    2 July 2025
    0

    PrimeXBT Launches ‘Trade as VIP’ Campaign Offering 70% Off Trading Fees

    bychainwire
    2 July 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverses
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00