WazirX Bank Accounts Unfrozen! India's ED Relents in Crypto Exchange Probe (Sept 12, 2025)

Good news for Indian crypto investors! The Enforcement Directorate (ED) in India has unfrozen the bank accounts of cryptocurrency exchange WazirX. This comes after a period of investigation related to alleged associations with instant loan app companies. WazirX announced the positive development in a blog post published on Monday, September 12, 2025. This provides much-needed relief to the platform and its users.

According to WazirX, they have fully cooperated with the ED throughout the investigation. The exchange has maintained that it has no association with the alleged accused fintech and instant loan app entities being probed. This cooperation appears to have been key to the ED’s decision to allow WazirX access to its bank accounts once again.

JUST IN: India's ED unfroze WazirX's bank accounts. The Enforcement Directorate had previously been conducting investigations of 16 entities, and as part of that process, froze WazirX assets. This latest development signifies a positive step forward for the crypto exchange and the Indian crypto market as a whole.

The financial watchdog's decision to unfreeze the accounts suggests that WazirX has successfully addressed the ED's concerns. While the initial ED searches targeted a Director of WazirX and resulted in freezing assets worth Rs 64.67 Crore, the exchange’s cooperation and demonstration of non-involvement with illicit activities seems to have led to the positive outcome.

In short, the Enforcement Directorate of India (ED) unfroze WazirX's bank accounts, marking a significant turning point for the exchange. Keep checking back for more updates on this developing story.