Binance-WazirX Acquisition Was Never “Complete”: Binance’s CEO Changpeng Zhao

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Binance’s CEO Changpeng Zhao has made surprising declarations regarding the Indian crypto exchange WazirX.

While several media houses have been referring to WazirX as an entity owned by Binance, CZ has issued clarification via Twitter on how the Binance-WazirX transaction never went through citing “issues that cannot be easily disclosed.”

Earlier today, Indian crypto exchange WazirX bank accounts were raided by the Enforcement Directorate of India for alleged violation of the Foreign Exchange Management Act. 

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