The Connection Between WazirX-Binance: A Timeline Of Events As They Unfolded

Celebrated in 2019 as the first acquisition in the Indian crypto space, the relationship between the two entities is now in question as the Enforcement Directorate (ED) has frozen funds of cryptocurrency exchange WazirX. While the world’s largest crypto exchange by trading volumes Binance had proudly announced that it had “acquired” WazirX in a blog post on its website in November 2019, the company’s CEO Changpeng Zhao apparently reneged on the agreement between the two parties.