Binance CEO says firm never completed WazirX purchase after funds frozen

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Binance CEO says firm never completed WazirX purchase after funds frozen
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Binance founder Changpeng Zhao said the company never completed an announced acquisition of WazirX after news that India had frozen about $8 million in funds belonging to the latter.

Binance’s CEO said on Twitter the company never completed the acquisition of WazirX, which it had announced November 2019. Indian authorities today froze around $8 million in WazirX funds as part of a money laundering investigation.

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