Cryptocurrency market at the beginning of May TerraUSD (UST) and LUNAIt took a big hit with the collapse of .
Many crypto money companies started to experience liquidity problems with this collapse and were driven to bankruptcy.
Cryptocurrency exchange, one of the companies going bankruptcy vauld The bad news keeps coming.
According to local media reports in India, the Indian Enforcement Directorate (ED), the government agency responsible for financial crimes, cryptocurrency exchange announced that Vauld has frozen 3.7 billion rupees ($46.4 million) worth of assets.
Indian officials made another report earlier this week. cryptocurrency exchange WazirX’He also announced that he had frozen his assets.
Local media said that the Indian institution ED is also investigating at least 10 other cryptocurrency exchanges to help foreign firms launder money through crypto.
ED has yet to make an official statement on the matter.
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