WazirX Faces Fresh FIU Scrutiny Amid Alleged Terror Financing via Crypto

BTCC / BTCC Square / CryptotimesIO /

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2025-07-12 07:07:54

India's crypto giant WazirX is back in regulatory crosshairs—this time over potential terror-linked transactions. The Financial Intelligence Unit (FIU) launched its second major probe in three years, signaling tightening crypto oversight.

Why now? Sources suggest suspicious transaction patterns mirroring 2022's $130M money laundering case. While WazirX maintains compliance, investigators are tracing wallet clusters with alleged ties to banned organizations.

Regulatory deja vu: The exchange previously survived a Binance acquisition fallout and RBI banking restrictions. This new probe drops during India's crypto tax crackdown—because nothing says 'financial sovereignty' like chasing decentralized tech while fiat corruption runs rampant.

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