Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance mentioned that customers who have crypto on WazirX should transfer it to the Binance platform.
In a tweet he said that
If you have money in WazirX, you should transfer it to Binance. So simple. We could disable WazirX wallets on a technological level, but we can’t/won’t do that. And no matter how much talk we put up with, we can’t/won’t hurt users.
This news was followed by the Enforcement Directorate (ED), India’s law enforcement agency notifying that WazirX’s assets had been frozen. WazirX has been linked to the world’s largest crypto exchange Binance. This investigation was carried out as WazirX was suspected of violating foreign exchange regulations.