Binance asked WazirX to withdraw the acquisition statement or terminate the service agreement with WazirX before February 3

According to CoinDesk, Binance requires Indian cryptocurrency exchange WazirX to meet two requirements by the end of this month, otherwise Binance may terminate its service agreement with WazirX before February 3. The agreement requires WazirX to issue a pre-written "clarification statement" retracting WazirX co-founder Nischal Shetty's previous statement that Binance owns WazirX, and also requires WazirX to remove all references to Binance in its terms of service. Schetty subsequently refused to retract his previous statement that Binance had acquired the Indian exchange, stating that control and ownership of the WazirX platform had been transferred to Binance, which in turn had earned more than $67 million in profits from the platform. In November 2019, Binance announced that it had acquired WazirX. In 2022, when WazirX encountered regulatory difficulties, Binance clarified on August 5, 2022 that the "acquisition" in 2019 was limited to an agreement to purchase certain assets and intellectual property rights of WazirX, and Binance did not purchase any equity in Zanmai Labs.