According to Foresight News , citing TheStreet, Nischal Shetty, founder of the Indian cryptocurrency exchange WazirX, addressed the long-standing ownership dispute with Binance in an interview, stating that the dispute is currently in litigation. Shetty reiterated that WazirX was sold to Binance in late 2019 or early 2020, and although Binance has since denied holding any shares, WazirX possesses legal documents proving the ownership relationship.
Shetty stated that the current focus is on the platform's restart and reconstruction, and the final outcome of the ownership dispute will be decided by law. He emphasized that the dispute will not have a significant operational impact on users, and that WazirX's updated terms of service clearly outline the ownership issues and dispute explanations, providing users with greater transparency. WazirX has now resumed operations after completing the restructuring process approved by the Singapore courts.
