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WazirX Founder Says Binance Has Restarted Off-Chain Transfers

Exchange

www.coindesk.com 08 August 2022 12:12, UTC
  
Reading time: ~2 m

WazirX founder Nischal Shetty has told CoinDesk that Binance has restarted off-chain transfers.

The world's largest crypto exchange had removed off-chain transfers to WazirX following a disagreement on social media between Shetty and Binance founder Changpeng "CZ" Zhao regarding the ownership of the platform.

Shetty told CoinDesk in an interview that Binance disabled off-chain transfers to WazirX on Sunday and then enabled them Monday. "I'm guessing because a lot of users complained about it to them," Shetty added.

CZ had tweeted that users with funds on WazirX should move them to Binance. CZ also said that Binance could shut down WazirX, "but we can't because it hurts users."

WazirX users flooded its Telegram channel with concerns about whether their funds were safe and whether the platform's native coin WRX would be delisted by Binance.

The spat between Binance and WazirX began last week when the property of a WazirX director was raided by India's Enforcement Directorate (ED) in connection with an investigation over alleged fraud. Following which CZ took to Twitter to claim that Binance did not own WazirX, which was widely believed to be true, prompting Shetty to fire back and say that it was.


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