- The Indian exchange has issued a new statement
- It claims that Binance has full control of the WRX turnover and is responsible for the burning
- Anciently there was a heated fight between the companies
- Binance insists it has no links with WazirX
The Indian exchange WazirX made an important statement yesterday, May 16.
The company announced publicly that it was Binance that conducted the initial exchange offer (IEO) of WRX and has full control over the accounts that hold the tokens.
What was going on with WazirX?
In August last year, the company was accused of violating AML rules. At the same time, news emerged that the exchange was allegedly owned by Binance and was a “pacer” to enter the local market.
Changpeng Zhao, the company’s COO, personally denied it. He said that Binance has nothing to do with WazirX, which was immediately commented by the head of the exchange, calling CZ words blatant lies.
In February, it was reported that Binance will no longer provide a purse WazirX.. The exchange demanded to refute “false public statements,” but it was refused, and then broke off cooperation.
New portion of reproaches
In a public release on May 16, WazirX said that it was Binance that conducted IEO WRX. She also owns all the profits from the sale of tokens, which is just over $2 million.
And the exchange allegedly owns more than $580 million worth of “coins.”
Binance is responsible for the quarterly burning of WRX tokens. Note that the last “bern” was in early March 2022.
Liquidation of the “coins” is necessary to maintain the rate and is perhaps the main factor to counter inflation in a particular market of cryptoassets.
Binance did not comment on this statement.