BlocksInform
Changpeng Zhao, CEO of BINANCE came out to clear the company’s stand after Enforcement Directorate raided and froze some assets of WazirX. However, he stressed that they could shut down the troubled crypto exchange.
WazirX co-founder clarifies
Nischal Shetty, Co-founder of WazirX has made several statements countering Binance CEO. He mentioned that the “We could shut down WazirX” remark directly proves that CZ holds complete control. While Shetty appreciated that CZ confirmed that the WazirX domain was transferred to Binance’s control.
However, WazirX co-founder also mentioned that they only as Zanmai and asked why CZ is not taking that up.
Nischal Shetty assured that all users’ assets in Crypto and INR on the platform are safe for now. They have always ensured that KYC is conducted and other policies were followed. He added that WazirX only allows bank transfers so every transaction is traceable. However, their database records WazirX to Binance transfer. This key detail is kept between users and accounts.
He further added that with off-chain transfer options, a user can only send assets to their own account. However, there is a KYC for those transfers only. Shetty mentioned that whenever the authorities have asked for details, WazirX has always complied with it.
