Binance breaks ties with WazirX; withdraws wallet service Reshab Agarwal·February 4, 2023Binance, the largest crypto exchange globally, breaks ties with WazirX after multiple arguments over its ownership on Twitter....CryptoNews·0 Comments·0
ED froze more cryptocurrencies as a part of money laundering investigations Reshab Agarwal·October 2, 2022In the past few months, there have been many money laundering cases in the crypto industry, which is...News·0 Comments·0
WazirX got their bank accounts back as ED unfreezes them Reshab Agarwal·September 13, 2022One of India’s most famous crypto exchanges, WazirX, announced that its bank accounts had recently been unfrozen by...CryptoCrypto ExchangesNews·0 Comments·0
Spat Between Binance and WazirX: Ambiguous Ownership, a Murky Acquisition Agreement, and off-chain Transactions NIsha Jain·August 9, 2022“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)...News·0 Comments·0
The ownership tug of war between WazirX and Binance continues Sandra Theres Dony·August 6, 2022WazirX, once hailed as the largest cryptocurrency exchange based in India is caught in a web of controversies....CryptoCrypto ExchangesTrending·0 Comments·0
Indian Director of Enforcement seizes Wazirx’s assets worth around $8M Reshab Agarwal·August 6, 2022Indian Director of Enforcement seizes Wazirx’s assets worth around $8M. In a recent post, ED said that they...CryptoCrypto ExchangesNewsTrending·0 Comments·0
WazirX is being investigated under the Foreign Exchange Management Act Reshab Agarwal·August 4, 2022WazirX is being investigated under the Foreign Exchange Management Act, 1999. The crypto exchange is owned by Binance...CryptoCrypto ExchangesNews·0 Comments·0
WazirX probed by ED for alleged money laundering Aayush Pathak·August 3, 2022Following the Foreign Exchange Management Act of 1999 (FEMA), the Directorate of Enforcement (ED) is looking into two...BusinessCryptoCrypto ExchangesIndia NewsNews·0 Comments·0
WazirX and CoinSwitch Kuber disable INR deposits after NPCI’s statement Reshab Agarwal·April 14, 2022WazirX and CoinSwitch Kuber disable INR deposits using the UPI option. CoinSwitch has also halted the bank transfer...CryptoCrypto ExchangesIndia News·0 Comments·0
Investors have expressed concern about cryptocurrency exchanges’ disabling of deposits via state-backed systems Baisakhi Mishra·April 14, 2022The customers vented their displeasure on social media CoinSwitch Kuber and WazirX, which have stopped accepting rupee deposits...CryptoNews·0 Comments·0