Nischal Shetty, founder of Indian crypto exchange WazirX, responded to the allegations of Binance CEO Changpeng Zhao.
Binance CEO CZ made a statement on Saturday about WazirX, which was raided last week, and said that the systems used by WazirX “Not at the helm of Binance” told.
Shetty, co-founder of WazirX, denied some of CZ’s claims in a statement to CoinDesk. According to Shetty’s statements, the company named Zettai, to which WazirX is affiliated, completely purchased WazirX. Sold to Binance:
“(WazirX’s) technology, product, domain, brand, everything was sold by Zettai to Binance.”
According to Shetty’s statements, WazirX manages the cryptocurrency markets opened with Indian rupee parity thanks to the license it received from Binance:
“Zanmai Labs (Zettai’s Indian arm) has obtained a license from Binance to operate the Indian rupee market. If Binance doesn’t have WazirX’s technology, how did it get this license? How do I prove that this license has been granted? Whenever an official contacts us in India, we show them this license when we tell them how we manage deposits/withdrawals on the platform. We show the license we got from Binance.”
Who exactly does WazirX belong to? a clear answer for several months none. According to Shetty’s statements, the WazirX team worked with the Binance team to find an answer to this question. “Seeing for a few months” in case of.
Shetty thinks that this uncertainty should be resolved as soon as possible and says:
“We definitely need to clarify that WazirX belongs to a single party. We either own or completely own WazirX. Establishing a business partnership will not work in the long run. All this has shown that establishing a business partnership where the marketing activities are carried out by a company in India and the cryptocurrency wallet is owned by Binance does not work. What we want is simple: take it all or give it all to us.”