WazirX and Binance clash over ownership in a war of words
Fear of WazirX shutting down surfaces among users as ED freezes the bank account of its parent company
By Shashank Bhardwaj
Image: Shutterstock
Binance CEO Changpeng Zhao claimed on his official Twitter handle that WazirX has been uncooperative with them and they did not own any equity in Zanmai Labs after news of the Enforcement Directorate (ED) probing WazirX surfaced. Zanmai Labs is the parent company of WazriX. This tweet started a war between the two CEOs regarding which party holds the controlling stake in WazirX. With millions of dollars worth of crypto investment hanging around by word of mouth from the two CEOs, the battle seems to be getting intense. WazirX CEO was quick to respond to the tweet by Binance CEO.
"After some media reports on Binance structure, we asked about it. We were given an ambiguous answer that the parent entity is under restructuring. It's been many months, still waiting for Binance Parent entity… Can Binance name Parent entity?" stated the tweet by Nischal Shetty, WazirX CEO.

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