Changpeng Zhao (CZ), CEO of cryptocurrency change Binance talked about that prospects who’ve crypto on WazirX ought to switch it to Binance’s platform.
He acknowledged in a Tweet that,
If in case you have funds on WazirX, you must switch it to Binance. Easy as that. We may disable WazirX wallets on a tech stage, however we are able to’t/gained’t try this. And as a lot debates as we’re enduring, we are able to’t/gained’t harm customers.
This information was adopted by Enforcement Directorate (ED), the legislation enforcement company of India notifying that WazirX property have been frozen. WazirX has been linked to the world’s largest crypto change Binance. This investigation was carried out as WazirX was suspected of violation of overseas change laws.