Global crypto company Binance has cut ties with crypto exchange WazirX as a result of its polemics with Zanmai.
The other day, Binance made an announcement that had a bombshell effect. Binance, which is called the largest crypto exchange in the world, has made new moves as a result of some polemics. Binance clashed with Zanmai on the India-based crypto exchange WazirX. In response to this situation, the global company sanctioned WazirX parent company Zanmai.
Binance Takes Steps on Crypto Exchange WazirX
Global crypto company Binance has clashed with Zanmai, the company behind the exchange, over the India-based cryptocurrency exchange WazirX.
Publishing a blog post, Binance confirmed the polemics between him and Zanmai. Summarizing the event, the exchange stated that baseless allegations were made from Zanmai regarding Binance’s role and responsibility in the operation of the WazirX exchange. Making statements about the tension, the company said;
The truth is, as we have said many times, Binance has provided Zanmai wallet services only as a technology solution for WazirX exchange operations. Binance has never managed or controlled the operations of WazirX, including those related to users’ assets and user activity.
The exchange stated that Zanmai is trying to shift all responsibility for WazirX operations to themselves. The exchange, which did not accept these accusations and allegations, demanded Zanmai to withdraw its claims. However, this request met with the rejection of the other party.
Making the move after the events, Binance has filed sanctions against Zanmai, the team behind WazirX. The exchange requested Zanmai to withdraw funds from Binance accounts used by WazirX for its operations.
Binance announced that it has terminated its wallet and related technology service to Zanmai.
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