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Binance To Stop Offering Services To WazirX

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Binance has announced that it will no longer offer its wallet and other services it provided to WazirX, which is causing more tension with the Indian crypto exchange that was once a target to buy.

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The world's biggest crypto exchange has warned that Zanmai, the company that runs WazirX, the WazirX exchange, hasn't wholly retracted assets from the Binance wallets, despite being made aware of the changes in terms.

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The increase in the drama was triggered by the fact that Binance says is Zanmai's unwillingness to retract false claims about its relation to the firm's larger counterpart.

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“On 26 January 2023, we offered Zanmai a choice between retracting the false public statements (and continuing to use our services) or terminating the use of our wallet service.

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Since Zanmai has refused to clarify their misleading statements, Zanmai has till 3 February 2023 (23:59 UTC) to remove the funds from the accounts that they used for WazirX’s operations,” Binance wrote in a blog post.

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The Binance company shook up the crypto community in August this year when it announced that it does not own the Indian-based platform WazirX despite both revealing an acquisition that took place a year earlier.

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