After the Binance CEO's statement that the global crypto exchange did not have a stake in Wazirk's parent entity, the two heads of Soci& Eacute; tés brawled verbally on Twitter while exchanging claims and counterclaims.

According to the WazirX founder's statement on Saturday, the deal that its service reached involved Binance's parent entity. For example, in a tweet thread, Nischal Shetty, CEO of WazirX said that after a few media reports on the structure of Binance, they asked questions about it. “We received an ambiguous response that the parent entity is in the process of restructuring. It's been several months, and we're still waiting for Binance's parent entity (...) Can Binance name the parent entity? ” He informs.

Still writing on Saturday, he states that “The same technology was then licensed to Zanmai by Binance for the INR market. Binance operates crypto crypto trading, crypto deposits/withdrawals. Zanmai operates the INR-crypto trade, the “INR deposit/withdrawal”. It should be noted that Zanmai Labs is the Indian entity that operates WazirX.