WazirX restricted more than 700 suspicious accounts in 6 months

WazirX reported that between April 2022 and September 2022, it blocked over 700 accounts on its platform. The majority of these were closed due to forgery, fraud, deceit, and unlawful fund transfers using cryptocurrencies.

Over the course of this time, WazirX got 828 questions from Indian and Foreign Law Enforcement Agencies (LEAs) across 10 million transactions.