Binance requires the cryptocurrency trading platform WazirX to issue a clarification statement and remove all Binance-related content from its terms of service

ChainCatcher news, Binance sent a letter to the Indian crypto trading platform WazirX, requesting WazirX to issue a pre-written "clarification statement" retracting the previous statement by WazirX co-founder Nischal Shetty regarding Binance's ownership of WazirX. Additionally, Binance demanded that WazirX remove all mentions of Binance from its terms of service, or else Binance may terminate its service agreement with WazirX by February 3.

WazirX refused to retract its previous statement about Binance acquiring WazirX, stating that the so-called "clarification statement" is "unethical" and attempts to use "media pressure and threats to force Zanmai (the parent company behind WazirX) to issue false and misleading statements as 'clarifications'." Shetty also stated in the letter that Binance has profited handsomely from its control over the exchange.

Previously, ChainCatcher reported in August last year that WazirX's Mumbai office was raided by Indian officials due to the exchange's alleged involvement in helping 16 fintech companies launder money. Binance immediately took steps to publicly distance itself from WazirX. A blog post that initially celebrated the acquisition was modified to state it was "limited to an agreement to purchase certain assets and intellectual property." On August 5, Binance CEO Changpeng Zhao stated on Twitter, "Binance does not own any equity in Zanmai Labs, which operates WazirX." (source link)