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Binance Gives WazirX Deadline To Withdraw Users’ Funds from Its Service

Published 03/02/2023, 21:34
Updated 03/02/2023, 21:45
Binance Gives WazirX Deadline To Withdraw Users’ Funds from Its Service

  • Binance has terminated its business relationship with WazirX.

  • WazirX refused to retract its past false public statements against Binance.

  • Preciously, Indian law enforcement agencies raided WazirX’s Mumbai office.

The largest crypto marketplace Binance has asked the Indian rival exchange WazirX, run by Zanmai, to withdraw its leftover assets and stop using the Binance wallet service.

Binance communicated this decision today via its official website, noting that Zanmai has refused to retract its past false public statements against Binance. On January 26, Binance offered Zanmai a choice between recanting its libelous statement and continue using the Binance services or terminating its business relationship.

However, it appears the WazirX team preferred to cut its business deals with Binance. Therefore, the exchange noted in the press release that Zanmai has until the close of Friday, February 3, 2023, to remove the funds from the accounts it used for WazirX’s operations.

Binance reiterated that it has no control over Zanmai’s management of WazirX user funds. The Zanmai team has informed Binance of its intention to withdraw the assets from the releva…

The post Binance Gives WazirX Deadline To Withdraw Users’ Funds from Its Service appeared first on Coin Edition.

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