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The war of words between Changpeng Zhao, Binance CEO and Nischal Shetty, WazirX CEO reached new heights on Saturday. Both crypto exchanges’ chiefs are going back and forth by blaming each other for having outright control. Binance didn’t reveal parent entity claims WazirX In the fresh attack, WazirX CEO informed that the deal between the two exchanges involved the Binance parent entity. He mentioned that after reading media reports on the world’s largest crypto exchange’s structure, they enquired about it. However, WazirX received some ambiguous replies about the parent entity. Nishcal Claimed that Binance said it is under restructuring. He mentioned that it is been many months and his team is still waiting for Binance’s parent entity. Nischal Shetty wrote and asked that Can Binance name its Parent Entity. However, he added that the original deal included the sale of WazirX Technology (IP). Later, the same technology was licensed to Zanmai by Binance for the INR market. He highligh...

binanze-wazirx Image Credits: Binance Binance, the world’s largest crypto exchange by trading volume, said on Friday it doesn’t own India-based platform WazirX despite disclosing the acquisition two and a half years ago in a move that has baffled industry players, including the Indian firm that insists the purchase did take place. Changpeng Zhao, founder and chief executive of Binance, said in a series of tweets that the company has been “trying to conclude the deal for the past few years,” but hasn’t completed the transaction yet citing “a few issues” that he declined to elaborate. Binance announced the acquisition of WazirX in late 2019 in a blog post. The official blog post, which carried a picture of Zhao and WazirX founders, also featured the Binance executive’s enthusiasm about the deal. “The acquisition of WazirX shows our commitment and dedication to the Indian people and strengthen the blockchain ecosystem in India as well as another step forward in achieving the freedom ...

  Binance CEO Changpeng Zhao (CZ) has warned that his company could “disable Wazirx wallets on a tech level,” advising anyone with funds on the Indian crypto exchange to transfer them to Binance. The warning followed numerous tweets by CZ and Wazirx’s founder regarding whether Binance acquired Wazirx. Binance’s Warning: Transfer Your Funds The conflict between global crypto exchange Binance and Indian crypto exchange Wazirx has deepened. Binance CEO Changpeng Zhao (CZ) tweeted Friday, advising anyone with funds on Wazirx to transfer them to Binance. He warned: “We could disable Wazirx wallets on a tech level.” The dispute between Binance and Wazirx began when India’s Directorate of Enforcement (ED) froze the bank assets of Wazirx as part of its money laundering investigation. Following the ED’s announcement, Binance’s CEO quickly denied that his company had acquired Wazirx — almost three years after the two exchanges announced the acquisition. While Zhao claimed tha...