Binance & WazirX Fight! Who Will Lose?
"It's not good to fight, try to solve it in a good way."The ongoing dispute since 2022 has caused the cryptocurrency exchange company Binance to order WazirX to retract his statement if he does not want to lose access to the Binance wallet.The dispute was reported to have erupted in August 2022 when Binance and WazirX each wanted to fight to determine who had the most control over the exchanger in India.The issue became hot when the Chief Executive Officer (CEO) of Binance, Changpeng Zhao (CZ) wrote a statement on his Twitter account that the company WazirX is a scam.WazirX responded by saying their digital assets are held to the most stringent standards while its users can now trade, deposit and withdraw funds as usual.In fact, the company intends to take a legal course to demand justice and prevent Binance from terminating its services.Although WazirX denied the charges, Binance last week insisted that the company restructure its procedures if it did not want to stop using Binance's crypto wallet.Following the fact that 90% of WazirX's user assets are stored in Binance wallets, most investors are beginning to worry that it will cause problems if both parties act to stop any cooperation.
"It's not good to fight, try to solve it in a good way."
The ongoing dispute since 2022 has caused the cryptocurrency exchange company Binance to order WazirX to retract his statement if he does not want to lose access to the Binance wallet.
The dispute was reported to have erupted in August 2022 when Binance and WazirX each wanted to fight to determine who had the most control over the exchanger in India.
The issue became hot when the Chief Executive Officer (CEO) of Binance, Changpeng Zhao (CZ) wrote a statement on his Twitter account that the company WazirX is a scam.
WazirX responded by saying their digital assets are held to the most stringent standards while its users can now trade, deposit and withdraw funds as usual.
In fact, the company intends to take a legal course to demand justice and prevent Binance from terminating its services.
Although WazirX denied the charges, Binance last week insisted that the company restructure its procedures if it did not want to stop using Binance's crypto wallet.
Following the fact that 90% of WazirX's user assets are stored in Binance wallets, most investors are beginning to worry that it will cause problems if both parties act to stop any cooperation.
