WazirX was acquired by Binance: Nischal Shetty

The creator of WazirX exchange, Nischal Shetty, responded to Changpeng Zhao’s assertions that Binance exchange does not hold any shares in WazirX via Twitter. 
 
Shetty claimed that while Zanmai Labs Private Limited is still controlled by him and his co-founders, WazirX is owned by Binance. Shetty tweets on the matter:  

 

 
This scandal comes in the midst of Enforcement Directorate regulatory issues for WazirX. The exchange’s bank assets, worth Rs 64.67 crore, were blocked, according to a statement from the ED on Friday. 
 
The accusations made by ED were rejected by WazirX. “We have been completely working with the Enforcement Directorate(ED) for several days and have responded to all of their enquiries fully and honestly,” the discussion with Business Today said. The claims made in the ED news release are not ones we support. We are assessing our next course of action. 
 
WazirX and Zanmai Labs should not be confused, according to Shetty. 
 
On Friday night, Binance founder Changpeng Zhao denied having any ownership stake in Zanmai Labs Private Limited via Twitter. 
 
Tweeted Zhao