According to the lawsuit, Cuban promoted the company "as a Voyager customer himself, in a ploy to dupe investors into believing that Voyager was a safe platform".
As many as 10 crypto exchanges were under the lens of the ED for their alleged involvement in money laundering of around Rs 10 billion.
The Enforcement Directorate (ED) has been investigating allegations of money laundering against WazirX.
Ukraine topped the list with 12.7 per cent, followed by Russia (11.9 per cent), Venezuela (10.3 per cent), Singapore (9.4 per cent), Kenya (8.5 per cent) and the US (8.3 per cent).
Zhao said Binance does not have control over operations including user sign-up, KYC, trading and initiating withdrawals and WazirX’s founding team controls that.
Ever since the Enforcement Directorate (ED) froze the crypto exchange’s assets worth Rs 64.67 crores, and it raised questions on ownership of WazirX, investors have been worried about their funds.
Web3 Discovery Fund will be an active investor and provide strategic support for the rapid growth of the portfolio start-ups.
The agency's probe against the crypto exchange is linked to its ongoing investigation against a number of Chinese loan apps (mobile applications) working in India.
The related incident took place in 2021. The complainant invested Rs 6 lakh in an app named My Token which was dealing with a cryptocurrency named USDT.
He made me do it on purpose.
Marguv Ahmad Danish (26), a resident of Phulwari Sharif, was arrested on July 15 for allegedly operating two WhatsApp groups -- 'Ghazwa-e-Hind' and 'Direct Jihad' -- to propagate anti-India views.
The Wahi brothers were arrested on Thursday morning in Seattle and will be presented in the United States District Court for the Western District of Washington.
RBI Governor Shaktikanta Das called cryptocurrency a “clear danger” in the foreword to the 25th issue of the Financial Stability Report (FSR).
The Indian central bank RBI Governor Shaktikanta Das recently said that cryptocurrencies are a clear danger and anything that derives value-based is just speculation under a sophisticated name.
Police registered a case in this regard on Saturday and suspect that Nigerians are behind the offence. They believe that the fraudsters withdrew the cryptocurrency, traded it and earned crores.
A team led by Inspector of Police Renjith R booked Vinod on the direction of Perumbavoor ASP Anuj Paliwal and launched a detailed probe into the fraud, the second in state after the 'Morris Coin' scam
The victim, a Nallakunta resident, has worked in different countries. He was tricked by unknown persons into investing in cryptocurrency.
Sources aware of the development said this move is a dampener for the industry, which is already battling market volatility and 1% TDS, which has affected the trading volumes.
Nirmala Sitharaman has been making a strong case for global regulation of cryptocurrencies to tackle the risks of money laundering and terror funding.
The Singapore-based 3AC filed for bankruptcy in the US earlier this month to protect its assets from creditors.