Cryptocurrency platforms are required to register with FIU-IND, housed in the finance ministry's department of revenue, to be able to operate in India. The unit also investigates offences such as money laundering. "We have raised a police complaint and are in touch with FIU since WazirX is registered there. We have initiated discussions and see which agency can come in and help us with tracing funds, and how they will coordinate," Nischal Shetty, founder and chief executive officer (CEO) of WazirX, told Business Standard.
WazirX lost about 45 per cent of its crypto assets to the security breach. People privy to the discussions say North Korea has been mentioned.
This story is from the July 31, 2024 edition of Business Standard.
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This story is from the July 31, 2024 edition of Business Standard.
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