Is WazirX banned in India?

WazirX, an Indian cryptocurrency exchange, has faced several challenges in recent years. There were reports of a hack in July 2024, resulting in a loss of over $235 million. Additionally, WazirX has been involved in a legal dispute with Binance, a leading global cryptocurrency exchange, over ownership and control. Furthermore, the exchange has faced regulatory issues in India, including allegations of money laundering and a freeze on its bank assets by the Enforcement Directorate (ED). These incidents have raised questions about the status and future of WazirX in India.