Claim BonusJust-In: CZ Accuses WazirX CEO of Playing “Deception Wording Games”
Changpeng Zhao (CZ), Binance Chief is actively trying to clear doubts around the Enforcement Directorate (ED) investigation of WazirX. Meanwhile, CZ has also accused Nischal Shetty of being uncooperative in the process.
WazirX not cooperating with Binance?
In the latest turn of events, CZ replying to a Tweet by Nischal Shetty, co-founder of WazirX said that people are “playing deception wording game.”
He added that Binance can shut down the domain but this will just hurt the users. However, they hold no control over WazirX’s trading system. CZ claims that the Indian crypto exchange just gave them the AWS login without any source code and deployment capability.
CZ mentioned that Nishcal retained access to the AWS account, source code, deployment and many more.
Binance Chief accused WazirX of being uncooperative with them and he believes that they are also not cooperating with ED as well in this case. CZ mentioned that in February 2022 Binance asked for transferring system source code, deployment and operations of WazirX. However, the Indian crypto exchange platform refused to do this transaction.
CZ asked the users holding funds on Wazirx to transfer them onto Binance. He highlighted that Binance has the power to disable WazirX wallets on a tech level. However, he can’t and won’t do that as he doesn’t want to hurt them.
Does Binance have full control?
Earlier, Nischal Shetty targeting the CZ said that Binance holds control of WazirX. He mentioned that they have ROOT access to AWS and Binance holds WazirX’s domains completely.
He further added that Binance charges all the fees for crypto-crypto trading and withdrawals. However, Zanmai India only charges INR-crypto trading fees and INR deposit and withdrawal fees.
Meanwhile, a Twitter user asked CZ why he and Nischal Shetty is fighting on the social media platform. To this Binance head replied that they are not fighting. He just wants to provide help in this situation.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Why ‘Digital Gold’ Bitcoin Isn’t Rising as Gold Approaches $5,000
- Operation Chokepoint 2.0: Trump Files $5B Lawsuit Against JPMorgan Over Alleged Debanking
- Trump Crypto Adviser Urges Bipartisan Support After Senate Committee Unveils Partisan Crypto Bill
- Bitcoin News: Michael Saylor Hints at Another Purchase After Strategy Crosses 700k BTC
- Breaking: U.S. PCE Inflation Comes In At 2.8% YoY, Bitcoin Reacts
- Dogecoin Price Prediction as 21Shares Announces DOGE ETF
- GME Stock Price Outlook as CEO Ryan Cohen Buys Shares Amid Store Closures
- What’s Next for Bitcoin Price as US Senate Delays CLARITY Act Again?
- Ethereum Price Prediction as Trump Signals Crypto Market Bill Signing soon
- Bitcoin Price Prediction Ahead of Key US Inflation and GDP Data
- XRP Price Forecast as Binance Officially Lists Ripples’s $RLUSD Stablecoin
