COIN DEAD - Daily Crypto News logo COIN DEAD - Daily Crypto News logo
#
Cryptoknowmics 2022-08-06 10:56:12

Binance Does Not Have Control Over WazirX, Claims CEO CZ

After India’s Enforcement Directorate (ED) raided one of the directors of crypto exchange WazirX and froze their bank accounts on Friday, a war of words erupted between Binance CEO Changpeng Zhao (CZ) and Nischal Shetty founder of WazirX, an India-based crypto exchange on Twitter. While Shetty claimed that WazirX is acquired by Binance, CZ refuted that Binance has no control over the Indian crypto exchange. Notably, on August 2, 2022, ED in their press release said that the agency conducted raids on one of the directors, and froze their bank balances to the tune of INR 64.67 crore. Following the raids, Shetty and CZ took to Twitter to blame each other for the alleged discrepancies, and ownership dispute. WazirX Denied Binance Access to System Source After Nischal Shetty on his official Twitter account claimed that WazirX is owned by crypto exchange Binance, CZ responded with a series of tweets asserting that Binance never acquired WazirX as their request to transfer system source code, deployment, and operations were denied by WazirX. Zhao tweeted, “We asked for transferring of WazirX system source code, deployment, operations, as recently as Feb this year. This was refused by WazirX.” Binance Has No Control Over WazirX: CZ Reacting to Shetty’s Tweet which claimed that Binance has root access to the AWS servers, and owns all the crypto assets and profits generated from them, CZ revealed that his trading exchange does not have ...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.