-0.27% Bitcoin (BTC) 21637.02 EUR
-0.52% Ethereum (ETH) 1541.83 EUR
+1.94% Litecoin (LTC) 93.55 EUR
-0.48% B-Cash (BCH) 125.71 EUR
-0.41% Ethereum (ETH) 0.0719625 BTC
+1.98% Litecoin (LTC) 0.00436421 BTC
-0.34% B-Cash (BCH) 0.0058782 BTC
-0.27% Bitcoin (BTC) 23159.3 USDC
+0.21% USD Coin (USDC) 0.94 EUR
-0.27% Bitcoin (BTC) 23129.707 USDT
+0.21% Tether (USDT) 0.94 EUR
+0.14% Chainlink (LINK) 6.57 EUR
+0.15% Chainlink (LINK) 0.00030724 BTC
-1.34% Dogecoin (DOGE) 0.08 EUR
-1.48% Dogecoin (DOGE) 0.00000398 BTC
-0.89% Uniswap (UNI) 6.34 EUR
-1.03% Uniswap (UNI) 0.00029795 BTC
-1.91% Cardano (ADA) 0.36 EUR
-1.79% Cardano (ADA) 0.00001697 BTC
+2.16% Tron (TRX) 0.06 EUR
+2.14% Tron (TRX) 0.00000286 BTC
-3.54% Shiba Inu (SHIB) 0.00001308 EUR
+2.49% Zcash (ZEC) 42.91 EUR
+2.06% Zcash (ZEC) 0.0020099 BTC
-1.52% Basic Attention Token (BAT) 0.0000123 BTC
+4.69% TradeFlow (TFLOW) 0.12435716 BUSD

Indian Authorities Freeze Nearly $46M in Assets of Crypto Lender Vauld

08-15-2022

India's Enforcement Directorate (ED), a government agency that is responsible for probing financial crimes, has frozen assets worth 3.7 billion rupees ($46.4 million) at crypto exchange Vauld, it said in a statement Friday.

  • The statement confirmed authorities are interested in wallets held by Flipvolt – Vauld's legal entity in India – which contain "proceeds of crime derived from predatory lending practices" that it said were subsequently transferred abroad. The ED accused the company of aiding that process via lax checks.
  • In July, the crypto lender, which is backed by billionaire Peter Thiel, filed for bankruptcy protection from its Singaporean creditors. That came days after Vauld suspended withdrawals on its platform, following a market downturn that led to significant withdrawals.
  • Indian authorities have already frozen assets of exchange WazirX, and raided the properties of one of its directors. Indian media has also reported that the ED is probing at least 10 crypto exchanges for helping foreign firms launder money through crypto.
  • Vauld said it will provide an update when it has more information.

 

Source: Coindesk