The financial watchdog announced it was freezing Yellow Tune’s bank balances, payment gateway balances and balances in the Flipvolt cryptocurrency exchange for a total of 3.7 billion rupees, or $46.4 million after determining that the company was a shell entity incorporated by two Chinese nationals using pseudonyms. According to newspaper accounts, the ED spent three days searching premises associated with Yellow Tunes.
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Source: Cryptocurrency - investing.com
