India’s Enforcement Directorate (ED) froze assets worth Rs 370 crore of crypto exchange Vauld yesterday.
Vauld is already facing financial troubles and has halted withdrawals since July. The platform obtained a three-month moratorium extension from the Singapore High Court to explore different options a few days ago.
When asked for a response, the platform said, “We are investigating this matter, we kindly request your patience and support, we will keep you updated as soon as we have more information on this.”
The ED is currently cracking its whip on various crypto platforms. A few days ago, the agency froze bank assets worth Rs 64.67 crore of Indian crypto platform WazirX under the Prevention of Money Laundering Act (PMLA).
