A day after the Indian Enforcement Directorate (ED) froze assets worth $8.1 million of cryptocurrency exchange firm WazirX as part of a money laundering probe, a Twitter war has broken out between the exchange’s founder Nischal Shetty and Binance CEO Changpeng Zhao, with both claiming that WazirX is owned by the other.
Shetty says Binance acquired WazirX
Even as the ED accused WazirX of assisting 16 Indian fintech firms, already under investigation by the agency, in laundering proceeds of crime by transferring the money to unknown foreign wallets, Shetty said WazirX has been acquired by Binance and that the Zhao-led exchange, which operates crypto to crypto pairs, processes crypto withdrawals.
Can shut down WazirX if I want to: Changpeng Zhao
Responding to Shetty, Zhao said he could shut down WazirX if he wanted to, but will not do it as it would hurt users.
He further said Binance provides wallet services for WazirX and that the domain control of the Indian crypto exchange rests with …
Full story available on Benzinga.com