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Binance will no longer provide its wallet and other tech services to WazirX, escalating tensions with the Indian crypto exchange it once sought to acquire.
The world’s largest crypto exchange warned on Friday that despite being made aware of the changing terms, Zanmai, the company that operates the WazirX exchange, has not fully withdrawn assets stored in Binance wallets. The event has escalated due to Zanmai’s refusal to retract false narratives about its relationship with the larger firm, according to Binance. Binance shocked many in the cryptocurrency community last August when it revealed that it does not own the India-based platform WazirX, despite the two disclosing an acquisition years before.
