ED 'freezes' Rs 370 crore worth assets of crypto exchange Vauld

The Enforcement Directorate of India has frozen bank assets worth of Rs 370 crore belonging to cryptocurrency exchange Vauld on Thursday, sources said.

Vauld crypto exchange is already going through financial strain as the exchange halted all withdrawals and deposits on the platform last month.

This development comes days after ED froze nearly Rs 65 crores worth bank assets belonging to cryptocurrency exchange WazirX's director Sameer Mhatre in connection with a money laundering investigation.

Business Today reached out to Vauld for a comment.

The exchange, in an updated response, 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."

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