WazirX Says Binance Lied About Ownership as Dispute About India’s Largest Exchange Escalates

Binance immediately took steps to publicly distance itself from WazirX. The Binance blog post that initially celebrated the acquisition was amended to say the transaction was instead “limited to an agreement to purchase certain assets and intellectual property.” On Aug. 5, Binance CEO Changpeng “CZ” Zhao tweeted that “Binance does not own any equity in Zanmai Labs, the entity operating WazirX.” A spokesperson for Binance told CoinDesk that reports of Binance’s ownership of WazirX were “a lie.”