Friday, 24 March, 2023

Assets froze by ED despite full cooperation: Vauld

<p>Vauld, a crypto lender, claimed that despite its full cooperation, the ED nonetheless issued an asset freezing order. In connection with the fast loan apps case, the ED attached assets worth Rs 370 Cr that belonged to a Bengaluru-based company. The assets were kept in wallets on the Flipvolt cryptocurrency exchange, bank accounts, and payment gateway balances. The Indian division of Singaporean crypto lender Vauld is called Flipvolt.</p>