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Crypto exchange WazirX blocked 2,431 accounts between Oct 2022-March 2023

WazirX received 431 requests from law enforcement agencies, against a total transaction volume of $390 million during the above-mentioned period

WazirX
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Raghav Aggarwal New Delhi
WazirX blacklisted 2,431 accounts between October 2022 and March 2023, it said in its 4th Transparency Report released on Tuesday. The accounts were removed by the crypto exchange based on their internal transaction monitoring process or after directions from Law Enforcement agencies (LEAs). 

"We also continued to proactively report suspicious transactions to law enforcement agencies such as the Financial Intelligence Unit, India (FIU-IND)," the company said in the report. 

The exchange received 431 requests from LEAs, against a total transaction volume of $390 million during the above-mentioned period. "46 requests were from Foreign LEAs and 385 requests from Indian LEAs,"

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First Published: Mar 21 2023 | 4:59 PM IST

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