The battle of words between Binance CEO Changpeng Zhao and WazirX CEO Nischal Shetty took a new turn on Saturday. The chiefs of both crypto exchanges continue to blame each other for having total control. However, WazirX (WRX) was damaged in the crash and its price began to drop.
Binance has not disclosed WazirX’s main asset claims
In the new hack, WazirX CEO reported that the deal between the two exchanges includes the Binance parent. Nischal Shetty stated that they asked this after reading media reports about the structure of the world’s largest crypto exchange. However, WazirX has received some vague responses about the main asset. Nishcal Shetty claimed that Binance said it was under restructuring. He stated that months have passed and his team is still awaiting the parent of Binance.
Nischal Shetty wrote and asked Binance to name its Main Asset. However, he added that the original deal included the sale of WazirX Technology (IP). Later, the same technology was licensed by Binance to Zanmai for the INR market. He emphasized that after licensing, Binance conducts crypto-to-crypto trading with crypto deposits and withdrawals. Meanwhile, Zanmai trades INR-Crypto with INR deposits and withdrawals.
Nischal Shetty denies non-cooperation allegations
Earlier, as you follow on Kriptokoin.com, CZ stated in a tweet that he wants Binance to transfer the system source code, distribution and operations of the Indian crypto exchange in February 2022. He noted that WazirX denied this. He further argued that Binance has no control over the systems. The Binance chief claimed that WazirX did not cooperate with them and the same thing happened in their ED cases.
However, WazirX CEO announced in February that the Binance team wanted to take control of Zanmai. He noted that if CZ still wants to have control over Zanmai, then it is possible to easily acquire shares. In this regard, he denied CZ’s claim of non-cooperation. WazirX CEO stated that they have been working with ED in the last 7 days. He also stated that they have sent all the necessary data requested by the agency.
WazirX’s token was damaged in a duel of words between Binance CEO Changpeng Zhao and WazirX CEO. Altcoin price dropped 4.87% on a daily basis to $0.2489 at press time, according to data from CoinMarketCap. Binance’s native token, BNB, is changing hands at $321.09, gaining 2.42%. BNB ranks 5th in the crypto league by market cap. On the other hand, the other side of the debate is the WRX, which is ranked 280th in the market.
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