Binance-WazirX Feud Escalates: Users Demand Clarity Over Frozen Funds

• Users demand clarity on $17M frozen funds and Binance-WazirX partnership issues.  
• WazirX hack raises concerns about platform security and user fund safety.  
• Pi42’s IBW sponsorship sparks conflict-of-interest claims and user protests. 

The dispute between Binance and WazirX has intensified, with users demanding accountability from both platforms. Allegations of frozen funds, hacking incidents, and regulatory scrutiny have fueled the controversy.

Binance CEO Changpeng Zhao (CZ) expressed his concern on social media, noting his limited ability to act while facing legal challenges in the United States. His tweets sparked a debate about user protection and platform responsibility.

Read also: WazirX’s Tarnished Reputation: A $230M Hack and a Botched Response

CZ reminded users of his previous advice to transfer funds from WazirX to Binance. He stated that users with funds on WazirX should move them to Binance. He explained that while Binance could disable WazirX wallets, it chose not to to avoid harming users.

This follows an investigation by India’s Enforcement Directorate (ED), which froze WazirX assets over suspected violations of for…

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