SCOOP: Binance has denied it owns WazirXIndia since August, when the Indian exchange was raided on money laundering suspicions. Emails CoinDesk obtained shed new light on the disputed relationship. LizKNapolitano & cheyenneligon report
that “Binance does not own any equity in Zanmai Labs, the entity operating WazirX.” A spokesperson for Binance told CoinDesk that reports of Binance’s ownership of WazirX were “a lie.”between WazirX and Binance over the true ownership of the Indian exchange, during which Binance claimed that the transaction never went through, and WazirX officials said it did – and claimed that they had proof, though they never shared it.In the early hours of Jan.
“Zanmai has not made any false or misleading statements regarding Binance’s role and responsibility in operating the WazirX platform, and Binance’s control over WazirX’s user assets,” according to this week’s letter. “Zanmai transferred the control and ownership over the WazirX platform to Binance.” To prove his point, Schetty attached a partially redacted email chain that began on July 19, 2021, between Brian Schroder, the CEO of Binance US, and Tushar Patel, the vice president of finance at WazirX, about an amended “share purchase agreement.”'Sole Benefit of Binance'
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