Transfers from Binance to WazirX are disabled. As the Binance and WazirX founders continue openly arguing about control of the Indian stock market, CZ has made a big move.
A blockchain investor named Akuma shared this Binance development with his followers on Twitter.
“I noticed that Binance has disabled the option to transfer funds from Binance to WazirX. However, we can still easily transfer funds from WazirX to Binance.”
Binance CEO CZ has previously said that his company may close the WazirX space but will not. In addition, CZ asked WazirX users to transfer their balances to Binance. But WazirX, on the other hand, has begun to impose fees on such transfers. A few WazirX users, who learned that Binance is suspending transfers, expressed disappointment with this move.
This further complicates the situation, as CZ has already issued a warning of extreme action. However, he said Binance would not shut down the troubled crypto exchange as the action could harm users.
In this context, WazirX users express their concerns on various social media platforms. Most users worry about their fund’s security amid open discussions between founders. However, WazirX CEO Nischal Shetty stated that the INR of all crypto assets on the platform is “secure for now.”