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CoinSwitch Turns Unprofitable, Reports Rs 456-Crore Loss In FY22

Few businesses in the cryptocurrency space have been able to captivate investors' and fans' attention as much as CoinSwitch. The transition of the Indian crypto unicorn from a successful company in the fiscal year 2021 to a losing venture in 2022 has sparked debates about the workings of the crypto market.
Vimal Sagar Tiwari Ashish Singhal Coinswitch Kuber Bitcipher Labs Switch Kuber Switch Overview

Paytm, Razorpay, Cashfree, Easebuzz in soup as ED freezes Rs 46.67 cr from the cos' bank account

The agency initiated a money laundering investigation based on FIR filed by Nagaland Police in 2021. ED officials also revealed during the probe they found that huge balances were maintained in the virtual accounts of the entities involved with payment aggregators.
Uttar Pradesh Andhra Pradesh Tamil Nadu Coinswitch Kuber Bihar Gaya Ashish Singhal

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ED investigates CoinSwitch Kuber in Money Laundering probe

The third exchange under scrutiny by the ED for allegedly diverting profits of crime collected by 365 quick loan applications by providing loans with high interest rates is CoinSwitch Kuber. The crypto firm happens to be one of the most popular ones among the investors from India. Factually, the company is also backed by some of the giant institutions such as Tiger Global and couple of more institutions.
Coinswitch Kuber Enforcement Directorate Switch Kuber Tiger Global

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