Blocked 700 crypto accounts between April-Sep over irregularities: WazirX

The crypto exchange received 828 requests from law enforcement agencies, of which 764 were Indian and 64 were foreign

Cryptocurrency exchange platform WazirX blocked over 700 accounts between April and September, based on directives from law enforcement agencies and internal assessments of alleged irregularities, the company said in a transparency report on Monday.

The crypto exchange platform recorded 10 million transactions during the first half of FY23. The company received 828 requests from law enforcement agencies (LEAs), of which 764 were Indian and 64 were foreign-based enforcement agencies.

WazirX has worked with entities such as the National Investigation Agency, Enforcement Directorate, State Cyber Crime Cells, Intelligence Fusion & Strategic Ops (IFSO) Delhi, Special Task Force, Narcotics Control Bureau, Bhopal