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Twitter users were surprised to say the least when the founders of the crypto exchanges made some unexpected tweets. The CEO of Binance, Changpeng Zhao, while stressing that his company could shut down WazirX crypto exchange, also urged investors to move their funds from WazirX to Binance.
Binance founder Changpeng Zhao has denied that the exchange owns any equity in Zanmai Labs, the company behind the Indian crypto exchange WazirX. The post Binance moves to dissociate self from WazirX over recent allegations appeared first on CryptoSlate.
Just as Binance and WazirX founders continue to openly debate about the Indian exchange's control, CZ just made a big move. A blockchain investor by name Akuma shared this Binance development on Twitter with his over one lakh followers.
Binance is distancing itself from WazirX — despite having announced the Indian exchange's acquisition as long ago as 2019. The post WazirX ownership row enters second day as Binance CEO calls out ‘deception' appeared first on The Block.
Changpeng Zhao (CZ), Binance Chief is actively trying to clear the air over doubts that emerged after Enforcement Directorate (ED) alleged WazirX, an Indian crypto exchange of money laundering and other illicit activities. WazirX not cooperating with Binance?
Asian crypto exchange WazirX which has been under the probe of the Indian enforcement agency, Directorate of Enforcement has finally had its bank assets seized
Changpeng Zhao (CZ) has clarified Binance's relationship with WazirX, the crypto exchange that the Indian regulator of banking assets recently froze. While partnering with the company, CZ said Binance has no equity in Zanmai Labs, WazirX's parent company.
Binance CEO Changpeng Zhao has claimed that the company “does not own any equity” in Zanmai Labs, the parent company of Indian crypto-exchange WazirX. This, a day after India's Enforcement Directorate (ED) froze WazirX's bank balances worth $8 million earlier.
Enforcement Directorate (ED) has conducted searches on one of the directors of M/s Zanmai Lab Pvt Ltd, which owns the popular cryptocurrency exchange Wazirx and has issued a freezing order to freeze their bank balances to the tune of Rs. 64.67 crores.
A major Indian cryptocurrency exchange, Wazirx, has had its bank assets of more than $8 million frozen by the Directorate of Enforcement (ED). The exchange was supposedly acquired by Binance in 2019. However, Binance CEO Changpeng Zhao (CZ) now claims that the acquisition was “never completed.” Wazirx, however, maintains that it was acquired by Binance.
On August 3rd, the Enforcement Department of India inspected WazirX, a renowned crypto exchange firm.
The Enforcement Directorate (ED), tasked by the Indian government to probe major financial crimes, announced Friday it had frozen assets worth $8.1 million of cryptocurrency exchange WazirX as part of an investigation into instant personal loan fraud. WazirX Transferred Laundered Money to Unknown Crypto Wallets The ED claimed WazirX assisted 16 fintech firms, already under investigation by the agency, in laundering proceeds of crime by transferring the money to unknown foreign wallets, as the crypto exchange encouraged obscurity and had lax anti-money laundering (AML) norms.
Binance's CEO and WazirX's founder are giving mixed information about who owns the embattled exchange.
Per a press release from India's Enforcement Directorate (ED), crypto exchange Binance is allegedly involved in a money laundering scheme created with WazirX. This entity operates as a crypto exchange platform in this country; one of its offices was raided on August 3rd, as a result of an ongoing investigation.
Binance CEO CZ has made a surprising Twitter announcement, stating that the WazirX-Binance transaction was never complete. CZ further added that Binance does not own any equity in Zanmai Labs, the entity that operates WazirX Binance's CEO Changpeng Zhao has made surprising declarations regarding the Indian crypto exchange WazirX.
On August 5, the Enforcement Directorate (ED) froze the bank account of one of the directors of Zanmai Lab Private Ltd, the operator of the Indian cryptocurrency exchange WazirX. The post Trouble Deepens for WazirX in India as ED Raids Director & Freezes Bank Accounts appeared first on BeInCrypto.
India has reportedly frozen the assets of cryptocurrency exchange platform WazirX, a Mumbai-based crypto firm Binance acquired in November 2019. On Friday, the federal Enforcement Directorate (ED), the agency tasked with fighting financial crime in the country, revealed it froze 646.70 million rupees (roughly $8.16 million, £6.75 million) worth of assets belonging to the exchange.
The Directorate of Enforcement of India alleged that WazirX "actively assisted around 16 accused fintech companies in laundering the proceeds of crime using the crypto route."
Binance co-founder and CEO Changpeng Zhao said the company never completed an announced acquisition of WazirX after news that Indian authorities had frozen about $8 million in funds belonging to the startup. The post Binance CEO says firm never completed WazirX purchase after funds frozen appeared first on The Block.
WazirX is being accused since last year of laundering money from criminal activities.
Hours after the scrutiny of India's Enforcement Directorate (ED) on WazirX, Binance CEO CZ responded on its relation with WazirX. After raiding the premises of WazirX, the authorities froze the exchange's bank assets over allegations of money laundering.
Indian law enforcement claimed a WazirX director was allegedly “non-cooperative” after accusations of assisted fraud and money laundering.
Shardeum, a blockchain scaling project, is raising funds at a $200 million valuation, sources tell The Block. The post WazirX CEO's project Shardeum is raising funds at a $200 million valuation appeared first on The Block.
On Friday, the Enforcement Directorate (ED) announced that it had frozen bank transfers worth Rs 64.67 crore as part of a money laundering investigation against cryptocurrency exchange WazirX. For a while, the crypto exchange has been under scrutiny.
