According to the news shared by the local Indian media, the Executive Directorate of India (ED) froze the assets of the cryptocurrency exchange Vauld, worth $ 46.4 million.
After the deep declines on the crypto money markets in the past months, Vauld exchange, which found itself in the middle of a financial crisisannounced in early July that it was suspending withdrawals. operating in india Singapore-based stock marketDespite all efforts, it could not be saved during the past 1 month period. Finally Singapore Supreme Court on July 7 moratorium evaluated Vauld’s claim, which applied to the court for a period of time (the time period during which his creditors could not initiate legal proceedings against the debtor), and as a result of this evaluation, Vauld was told that while his rival was in the process of buying him Opportunity for a 3-month interim period given.
After these bankruptcies and thousands of users were victimized, the Indian government officials started detailed investigations on the stock exchanges operating in the country and as a result of these investigations. WazirX The manager of the stock exchange was taken into custody. Also, according to recent news India Executive Directorate by More than 10 cryptocurrency exchanges It is known that an investigation has been launched against him.
While the extensive work on the cryptocurrency exchanges in India continues, the Vauld exchange, which is almost desperately waiting for its inevitable end, Rupees 3.7 billion His assets ($46.4 million) were frozen by the government. There is no word yet on how the process will work and what will be this large frozen sum. No detailed explanation was given.. The Vauld side stated that they will share an update when they have more information.