wazirx: WazirX Founder Nischal Shetty Says Binance “Controls” Indian Crypto Exchange

WazirX founder Nishal Shetty said Binance – the largest in the world crypto exchange by volume – owns a stake in his company hours after Binance CEO Changpeng Zhao said his company does not own
any shares in tIndian stock exchange.

In a series of tweets, Shetty wrote, “WazirX has been acquired by Binance. Zanmai Labs is India an organization owned by me and my co-founders. Zanmai Labs is licensed by Binance to deal with INR-Crypto pairs. WazirX Binance works crypto to crypto pairs, processes the withdrawal of crypto … “.

In another separate tweet, Shetty responded to Zhao’s claims that Binance could shut down WazirX by saying “We can shut down WazirX” – proving you have control. “AWS Sharing” – Do you have

ROOT access to AWS! Anyone with root access manages AWS

“The WazirX domain has been transferred to our management” – it’s good to see that you confirm this

The only control now is Zanmai, why don’t you take it.”

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Shetty also said that WazirX is still owned by Binance.

Binance stated that in 2019
that she acquired WazirX – India’s largest crypto exchange. However, in the context of the ongoing “crypto winter” and
recent freeze of WazirX accounts by ED due to alleged money laundering, Binance said it was only acting as a wallet service provider for WazirX.

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