Re: 90% of India's largest crypto exchange funds are in Binance wallet
WazirX has been acquired by Binance, so it is not surprising that their assets are held or managed by Binance.
That was everybody tought and then when shit hit the fan no one know anything about it:
https://techcrunch.com/2022/08/06/binance-says-it-doesnt-own-indian-exchange-wazirx-years-after-acquisition-announcement/
https://twitter.com/cz_binance/status/1555578415901802507
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Quick thread on Binance and WazirX, and some incorrect reporting.
Binance does not own any equity in Zanmai Labs, the entity operating WazirX and established by the original founders.
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Binance only provides wallet services for WazirX as a tech solution.
Binance does not own any equity in Zanmai Labs, the entity operating WazirX and established by the original founders.
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Binance only provides wallet services for WazirX as a tech solution.
As for the coins it holds, FML!, two hundred thousand facepalms:
Really? Really? 1/4 of the coins on Wazirx are Shiba Inu?