The war of words between Changpeng Zhao, BINANCE CEO and Nischal Shetty, WazirX CEO reached new heights on Saturday. Both crypto exchanges’ chiefs are going back and forth by blaming each other for having outright control.
Binance didn’t reveal parent entity claims WazirX
In the fresh attack, WazirX CEO informed that the deal between the two exchanges involved the Binance parent entity. He mentioned that after reading media reports on the world’s largest crypto exchange’s structure, they enquired about it.
However, WazirX received some ambiguous replies about the parent entity. Nishcal Claimed that Binance said it is under restructuring. He mentioned that it is been many months and his team is still waiting for Binance’s parent entity.
Nischal Shetty wrote and asked that Can Binance name its Parent Entity. However, he added that the original deal included the sale of WazirX Technology (IP). Later, the same technology was licensed to Zanmai by Binance for the INR market.
He highlighted that after licensing, the Binanceis operating the crypto-crypto trading with crypto deposits and withdrawals. Meanwhile, Zanmai is operating INR-Crypto trading with INR deposits and withdrawals.
