WazirX: Over the past six months, the exchange has received 828 Requests from law enforcement officers – Bits Media

The leadership of the Indian cryptocurrency book Wazirx reported, that from April to September 2022 received year 828 Requests from the police and other security forces.

For comparison, Since October 2021 March 2022 the trading platform has received 1023 Request from law enforcement officers. They requested Information about the accused, in respect of which criminal cases have been instituted and which were noticed in the trade in cryptocurrencies on this platform. In six months, the number of blocking of user accounts has grown almost by 20%, previously reported by the general director of Wazirx niche Shetti (Nischal Shetty).

From 828 Requests, obtained Wazirx over the past six months, 764 came from the Indian authorities, and the rest 64 - from foreign law enforcement agencies. Most of the requests concerned cryptocurrency pyramids, fake applications, Fishing and fraud using social engineering methods. Foreign requests were mainly related to the identification of wallets, freezing assets, temporary suspension of assets and monitoring of suspicious transactions.

The Wazirx leadership assured, which provides all the requested information to the authorized bodies in a timely manner - the average response of the exchange specialists is about 18 minutes. Besides, According to the results of internal monitoring and at the request of the prosecutor's office, the exchange blocked more 700 accounts.

“We still have to do a lot of work, to solve the problem of security in the crypto industry. Increased awareness of cryptocurrencies should apply to their unlawful use. Only then will the massive acceptance of digital assets occur in a confidential atmosphere. We will continue to comply with the requirements of regulatory bodies to combat cryptocurrency fraud ", - promised the niche Shtty.

Recall, that in October Wazirx was forced to dismiss about 40% Personnel due to the decline in the cryptocurrency market and tightening the policy of local regulators in relation to the industry.