Dear Readers, 

As you very well that the tug of war in the public domain was going on with Binance, the World's Largest Crypto Exchange and Wazirx, India's Leading Crypto Exchange. 

India's Crypto Exchange WazirX and its executives had been saying that Binance has acquired Wazirx. But Binance says their its relationship with WazirX is limited to tech offering and wallet services.  

There has been heated exchange of words shared in the public domain for the past couple of months. 

At this light, yesterday, there was a statement released from Binance reiterated the following:

• Binance had no control of operations of Wazirx. Earlier Wazirx told on this. It has only given wallet & technology related support to Zanmai Labs, the parent company of Wazirx, in the same way that Binance offers to other firms and not the unique. 
• On 26 January 2023, Binance asked Wazirx to withdraw the false statement for which Wazirx did not respond.
• Binance asked Wazirx to withdraw all the assets that has been kept in the Binance Wallet by 3 Feb 2023. 
• After 3 Feb 2023, if the crypto assets needs to be withdrawn Zanmai needs to work out separate arrangements with Binance. 

The statement however clarified that it does not have any implications with the existing Binance wallet users. 

Binance's native token is BNB currently trades at $330.07 while Wazirx's native token WRX trades at $0.197. 

The users of Wazirx to take a note of this!