India’s Enforcement Directorate Unfreeze the Bank Accounts of Crypto Exchange Wazirx

India’s Enforcement Directorate (ED) has unfrozen the bank accounts of crypto exchange Wazirx, the company said. The company explained that the ED has been investigating 16 fintech companies and instant loan apps. While emphasizing that Wazirx has "no association with any of the alleged accused fintech and instant loan app entities which appear to be the subject of ED investigation," the crypto exchange acknowledged that some of these companies "have happened to use the Wazirx platform." Wazirx stressed that it "has been cooperating with the investigators by providing them with all the necessary details, information, and documents of the alleged accused companies" that used its platform. Wazirx is now in a position to continue its banking operations as usual.