Binance breaks ties with WazirX; withdraws wallet service
Binance, the largest crypto exchange globally, breaks ties with WazirX after multiple arguments over its ownership on Twitter....
WazirX
WazirX
ED froze more cryptocurrencies as a part of money laundering investigations
In the past few months, there have been many money laundering cases in the crypto industry, which is...
WazirX got their bank accounts back as ED unfreezes them
One of India’s most famous crypto exchanges, WazirX, announced that its bank accounts had recently been unfrozen by...
Spat Between Binance and WazirX: Ambiguous Ownership, a Murky Acquisition Agreement, and off-chain Transactions
“We have always assumed Binance was WazirX’s owner. Last year, around the time of their anniversary in July, Binance even–handed all of us WazirX staff Apple watches, according to a former employee who asked to remain anonymous. The employee said that although other Indian exchanges provided lucrative ESOPs to new hires, WazirX did not grant employee stock options to its personnel. “Because the ESOP market is unstable, we have brought up this issue numerous times. But we’ve always been informed that Binance owns it, so ESOPs are not an issue,” the employee stated. An unintentional can of worms was opened in the already troubled cryptocurrency market by India’s Directorate of Enforcement (ED)...
The ownership tug of war between WazirX and Binance continues
WazirX, once hailed as the largest cryptocurrency exchange based in India is caught in a web of controversies....
Indian Director of Enforcement seizes Wazirx’s assets worth around $8M
Indian Director of Enforcement seizes Wazirx’s assets worth around $8M. In a recent post, ED said that they...
WazirX is being investigated under the Foreign Exchange Management Act
WazirX is being investigated under the Foreign Exchange Management Act, 1999. The crypto exchange is owned by Binance...
WazirX probed by ED for alleged money laundering
Following the Foreign Exchange Management Act of 1999 (FEMA), the Directorate of Enforcement (ED) is looking into two...
WazirX and CoinSwitch Kuber disable INR deposits after NPCI’s statement
WazirX and CoinSwitch Kuber disable INR deposits using the UPI option. CoinSwitch has also halted the bank transfer...
Investors have expressed concern about cryptocurrency exchanges’ disabling of deposits via state-backed systems
The customers vented their displeasure on social media CoinSwitch Kuber and WazirX, which have stopped accepting rupee deposits...