part of the year in tI have Indian exchange.
In a series of tweets, Shetty wrote, “WazirX has been acquired by Binance. Zanmai Labs is a India entity owned by me and my co-founders. Zanmai Labs has a license from Binance to mine INR-Crypto pairs. WazirX Binance operates crypto to crypto pairs, processes crypto withdrawal…”.
1/ FACTS about WazirX & Binance: WazirX was acquired by Binance Zanmai Labs is an Indian entity owned by me and my… https://t.co/jDc1Frvug5
— Nischal (Shardeum) ⚡️ (@NischalShetty) 1659719622000
In another separate tweet, Shetty responded to Zhao’s claims that Binance can shut down WazirX by saying, “We might shut down WazirX” – Proves you’re in control. “AWS Shared Access” – You have
AWS ROOT Access! Anyone with root access controls AWS
“WazirX domain transferred under our control” – Glad to see you confirm that
The only control now is Zanmai, why don’t you take it”.
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“We could stop WazirX” – Prove you have control “Shared access to AWS” – You have ROOT access to AWS! Anyone… https://t.co/ArWwqeX77F
— Nischal (Shardeum) ⚡️ (@NischalShetty) 1659759722000
Shetty also stated that WazirX is still owned by Binance.
In 2019, Binance declared
that he had acquired WazirX – India’s largest crypto exchange. However, amid the ongoing “crypto winter” and a
recent freeze of WazirX accounts by ED due to suspected money laundering, Binance claimed that it only serves as a wallet service provider to WazirX.