India Freezes Crypto Exchange Wazirx’s Bank Assets — Binance Claims Acquisition of Wazirx Was ‘Never Completed’

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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.

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Article Details

Author / Journalist: Kevin Helms

Category: Crypto

Topics: CZ Exchanges Wazirx director ED investigates Wazirx Wazirx Binance ED searches Wazirx Binance owns Wazirx ED freezes bank accounts Wazirx Wazirx Binance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-06, 02:30:03

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Reading Time: 5 minutes read

Article Length: 866 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 116340

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 15 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 9h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #62

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