Binance CEO Changpeng Zhao and WazirX founder Nischal Shetty continue the discussion.
Hitli authorities froze $8 million worth of WazirX’s assets the other day, accusing the company of money laundering.
After this development, the eyes were turned to Binance. Because Binance announced that it bought WazirX in 2019.
However, there were statements that the situation was different. Zhao said in a statement that they only support WazirX with the wallet infrastructure and never bought Zanmai Labs, which manages operations at the company.
Zhao targeted WazirX by making a statement on his Twitter account again today.
“People are playing deceptive expression games. We can close the domain, but it only hurts users. We have no control over the trading system. You just provided AWS (Amazon Web Services) login, no source code, no deployment capability. You also maintained access to the AWS account, the source code”
WazirX, on the other hand, stated that the Indian authorities objected to their claims and were considering how to draw a roadmap from now on.
Zhao warned users that Binance has the authority to disable WazirX wallets. He suggested that this would harm users, so they should move their funds to Binance.
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