WazirX founder claims ownership dispute with Binance has entered litigation stage

According to TheStreet, Nischal Shetty, the founder of the Indian cryptocurrency exchange WazirX, stated in an interview that the long-standing ownership dispute between WazirX and Binance has entered the litigation stage.

Shetty reiterated that WazirX was sold to Binance at the end of 2019 and the beginning of 2020, although Binance has since denied holding any shares. Shetty mentioned that the current focus is on the platform's restart and rebuilding, and the final outcome of the ownership dispute will be determined by the law. He emphasized that the dispute will not significantly affect users operationally, and the updated terms of service from WazirX clearly outline the ownership issues and dispute explanations, providing users with greater transparency. WazirX has resumed operations after completing the restructuring process approved by the Singapore court.