{"id":574054,"date":"2022-08-05T18:22:22","date_gmt":"2022-08-05T17:22:22","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=574054"},"modified":"2022-08-05T18:22:30","modified_gmt":"2022-08-05T17:22:30","slug":"binance-wazirx-acquisition-was-never-complete-binances-ceo-changpeng-zhao","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/binance-wazirx-acquisition-was-never-complete-binances-ceo-changpeng-zhao\/","title":{"rendered":"Binance-WazirX Acquisition Was Never “Complete”: Binance’s CEO Changpeng Zhao"},"content":{"rendered":"\n
Binance’s CEO Changpeng Zhao has made surprising declarations regarding the Indian crypto exchange WazirX. <\/p>\n\n\n\n
While several media houses have been referring to WazirX as an entity owned by Binance, CZ has issued clarification via Twitter on how the Binance-WazirX transaction never went through citing “issues that cannot be easily disclosed.”<\/p>\n\n\n\n
Earlier today, Indian crypto exchange WazirX bank accounts were raided by the Enforcement Directorate of India for alleged violation of the Foreign Exchange Management Act.\u00a0<\/p>\n\n\n\n
Binance Does Not Own Any Shares In Zanmai Labs, The Entity That Owns WazirX: CZ<\/strong><\/p>\n\n\n\n The recent WazirX frozen fund controversy has compelled Binance’s CEO to issue certain clarifications.\u00a0<\/p>\n\n\n\n In a comprehensive Twitter thread, Binance’s CEO cleared the air concerning multiple media houses that have been referring to Indian crypto exchange WazirX as an entity acquired and owned by Binance. <\/p>\n\n\n\n Zhao further contended that Binance does not own any equity in Zanmai Labs, whom he referred to as the real owner and operator of WazirX. <\/p>\n\n\n\n