#WazirX Controversies:
1⃣ Security Incident (July 2024): WazirX lost around $230 million due to a hack.
2⃣ #FEMA Act Violation (June 2021): The ED issued a notice for transactions worth INR 2,790.74 crore.
3⃣ Money Laundering Claims: Accusations of facilitating money transfers abroad by Chinese-backed companies.
4⃣ ED Investigation (August 2022): The ED searched a director's property and froze INR 64.6 crore in accounts.
5⃣ Ownership Clarification: Binance CEO clarified that Binance does not own WazirX or have equity in Zanami Lab.
