The dispute between Binance and WazirX has escalated, and users have demanded accountability from both platforms. Accusations of frozen funds, hacking incidents, and regulatory control have fueled the disputes.
Binance CEO Changpeng Zhao (CZ) expressed his concern on social media, noting his limited ability to act while facing legal troubles in the United States. His tweets sparked debates about user protection and platform accountability.
CZ reminded users of his previous advice to transfer funds from WazirX to Binance. He stated that users with funds on WazirX should transfer them to Binance. He explained that while Binance could disable WazirX wallets, it chose not to do so in order to avoid harming users.
This came after an investigation by the Enforcement Directorate of India (ED), which froze WazirX's assets due to alleged violations of currency laws.
Although Binance was associated with WazirX as a partner, the nature of their relationship remains unclear, which intensifies the tension between the platforms.
