CZ Clarifies On Binance Acquisition Of WazirX, Says Allegations 'Concerning'

Hours after the scrutiny of India’s Enforcement Directorate (ED) on WazirX, Binance CEO CZ responded on its relation with WazirX. After raiding the premises of WazirX, the authorities froze the exchange’s bank assets over allegations of money laundering. The ED officials accused WazirX of assisting instant loan app companies in fraudulent transactions through cryptocurrency purchases.