Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance mention Customers who own cryptocurrencies on WazirX should transfer them to Binance’s platform.
If you have funds on WazirX, you should transfer them to Binance. It’s that simple. We could technically disable the WazirX wallet, but we can’t/won’t do it. We can’t/won’t hurt users despite all the debate we’ve been having.
The news was followed by a notification from the Indian law enforcement agency, the Enforcement Directorate (ED), that WazirX’s assets had been frozen. WazirX has been linked to Binance, the world’s largest cryptocurrency exchange. This investigation is due to WazirX’s alleged violation of foreign exchange regulations.