wazirx: WazirX founder Nischal Shetty says Binance has “control” over the Indian crypto exchange
any shares in the Indian exchange.
In a series of tweets, Shetty wrote, “WazirX was acquired by Binance. Zanmai Labs is an India entity owned by me & my co-founders. Zanmai Labs has license from Binance to operate INR-Crypto pairs..WazirX Binance operates crypto to crypto pairs, processes crypto withdrawal…”.
1/ FACTS about WazirX & Binance:WazirX was acquired by Binance Zanmai Labs is an India entity owned by me & my… https://t.co/jDc1Frvug5
— Nischal (Shardeum) ⚡️ (@NischalShetty) 1659719622000
In another separate tweet, Shetty responded to Zhao’s claims that Binance can shut down WazirX by saying, “ We could shut down WazirX ” – Proves you have control. “Shared access of AWS” – You have
ROOT access of AWS! Anyone with root access controls AWS
“WazirX domain transferred to our control” – Good to see you confirm that
Only control now is Zanmai, why are you not taking it”.
Discover the stories of your interest
“We could shut down WazirX” – Proves you have control“Shared access of AWS” – You have ROOT access of AWS! Anyone… https://t.co/ArWwqeX77F
— Nischal (Shardeum) ⚡️ (@NischalShetty) 1659759722000
Shetty also said that WazirX is still owned by Binance.
In 2019, Binance said
that it had acquired WazirX — India’s biggest crypto exchange. However, amidst the ongoing “crypto winter” and a
recent freeze of WazirX’s accounts by the ED owing to alleged money laundering, Binance has claimed that it only served as a wallet service provider to WazirX.