WazirX vs Binance | The WAR

War of crypto Exchanges

What is WazirX?

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The bond in the past

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Case Against WazirX

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Accounts Frozen

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The Accusation WAR

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The U-Turn

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The Cause & Effect

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Are your coins safe?

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Also Check:

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LEARN about popular Cryptocurrencies only on Katoch Tubes

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War of crypto Exchanges

War of crypto Exchanges

What is WazirX?

What is WazirX?

WazirX is India's own crypto exchange. Launched in 2018, it allow users to buy, sell & trade crypto assets.

WazirX is India's own crypto exchange. Launched in 2018, it allow users to buy, sell & trade crypto assets.

The bond in the past

The bond in the past

In 2019, Binance exchange acquired Wazirx and since then its operating as its subsidiary. Checkout -

In 2019, Binance exchange acquired Wazirx and since then its operating as its subsidiary. Checkout -

Is Binance legal?

Is Binance legal?

Case Against WazirX

Case Against WazirX

Case 1: Outward remittance to unknown wallets worth Rs 2790cr. Case 2: Allowing foreign users on the platform.

Case 1: Outward remittance to unknown wallets worth Rs 2790cr. Case 2: Allowing foreign users on the platform.

Accounts Frozen

Accounts Frozen

The ED has conducted searches on one of the directors of WazirX and has frozen the bank accounts containing 64.67 crore.

The ED has conducted searches on one of the directors of WazirX and has frozen the bank accounts containing 64.67 crore.

The Accusation WAR

The Accusation WAR

The latest case has sparked an accusation war between both the parties. Each blaming the other regarding misinformation about the acquisition deal

The latest case has sparked an accusation war between both the parties. Each blaming the other regarding misinformation about the acquisition deal

The U-Turn

The U-Turn

WazirX founder Nischal Shetty claimed Binance to be the legal owner of WazirX platform while Binance CEO Zhao denied the allegations & deal never took place.

WazirX founder Nischal Shetty claimed Binance to be the legal owner of WazirX platform while Binance CEO Zhao denied the allegations & deal never took place.

The Cause & Effect

The Cause & Effect

Whoever is the owner of WazirX will have to pay hefty penalty if the money laundering charges are proved

Whoever is the owner of WazirX will have to pay hefty penalty if the money laundering charges are proved

Are your coins safe?

Are your coins safe?

The allegations will not stop WazirX operations. Users can continue to trade on the platform

The allegations will not stop WazirX operations. Users can continue to trade on the platform

Also Check:

Also Check:

1..Coinbase Scam

1..Coinbase Scam

2..WRX Coin

2..WRX Coin

3..Is KuCoin Safe?

3..Is KuCoin Safe?

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