BREAKING: binance has told WazirXIndia to withdraw customer assets held in Binance's wallets after giving them a choice to retract 'false public statements.' By amitoj.
the properties of WazirX director and co-founder Sammer Mhatre on the same day on suspicions that the exchange had helped 16 fintech companies launder money.
In the days to follow, CZ stirred panic among users of WazirX. Zhao said Binance could, if it wanted to, shut down the Indian cryptocurrency platform, and has advised its users to transfers their funds to Binance. "Binance provides wallet services for WazirX. WazirX domain is transferred to our control. We were given a shared access to an AWS account. We could shut down WazirX. But we can't, because it hurts users," Zhao tweeted.In an interview to CoinDesk, Nischal Shetty, the co-founder of WazirX, rebuffed CZ's claims about not controlling the WazirX exchange."“WazirX is the technology which we sold to Binance,” he said.
Shetty had spoken to CoinDesk over the past few months saying his team has been in discussions with Binance for several months to work out the ownership issue. In the months to come, macro economic factors coupled with India's harsh taxes and the crypto contagion exacerbated by the FTX collapse saw WazirX
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