Binance Shutters ‘Off-Chain Fund Transfer’ Path to WazirX Exchange
Amid an investigation into WazirX, Binance and its CEO have continued to distance the firm from the India-based crypto exchange.
WazirX
Amid an investigation into WazirX, Binance and its CEO have continued to distance the firm from the India-based crypto exchange.
In the wake of Binance announcement on ceasing off-chain fund transfer channel with WazirX, the Indian exchange issued a statement. Last week, founders of both the companies have publicly spoken…
Shetty said his team has been in discussions with Binance for several months to try and resolve the ownership issue.
Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny.
The connection between Binance and WazirX is now in question as India’s ED has frozen the money of cryptocurrency exchange WazirX. It was celebrated in 2019 as the first acquisition…
WazirX, India’s largest cryptocurrency exchange, is in hot water. On Friday August 5, India’s economic crime unit the Enforcement Directorate issued a freezing order on the platform’s INR 64.67 Crore…
Changpeng Zhao warned Binance can shut down WazirX but it would hurt users.
The move means WazirX and Binance users won’t be able to use the off-chain option to send crypto between the two entities. The post Binance disables off-chain transfers between itself…
WazirX is receiving a one-two punch of bad news today as it faces a money laundering probe and a very public spat with Binance.
Binance has ceased the off-chain fund transfer channel between itself and WazirX On-chain transfers will still be available for the users to deposit and withdraw. Leading cryptocurrency exchange Binance has…