WazirX to Binance transfer is recorded in our database, tweets Nischal Shetty
Hours after an unexpected twist, where Binance’s CEO Changpeng Zhao or ‘CZ’ denied owning any equity in Indian cryptocurrency trading platform WazirX and even the completion of its 2019 acquisition, a series of tweets were exchanged between him and the crypto bourse founder Nischal Shetty on Saturday.
WazirX is the largest cryptocurrency exchange in India, handling over 50 percent of the country’s crypto trading volumes, while Binance is one of the largest exchanges in the world.
In a bunch of follow-up tweets, CZ retweeted Shetty’s previous post reiterating Binance’s ownership: “Sad that these have to be debated on Twitter: 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. Binance does NOT have control on operations including 'user sign-up, KYC, trading and initiating withdrawals' as stated earlier. WazirX's founding team controls that. This was never transferred, despite our requests. The deal was never closed. No share xfers.”
According to CZ, the WazirX founding team had control of the operations of the platform, while Binance was never given any data or control of users, KYC etc.
“We would love to work with ED to fix these issues in WazirX,” he added.
< https://twitter.com/cz_binance/status/1555661179208474631?s=20&t=-GKuZES6SJ4qLxkPDEXxtA >
Shetty’s response
“Happy to solve it publicly so everyone is aware. Transparency wins. In this tweet you’re saying you want control of sign-ups and KYCs. But that part is run by Zanmai India through a license by Binance. Are you open to closing deal by acquiring Zanmai India then? Let’s solve it,”Shetty said.
Re-quoting several of
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