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Hannah Collymore

WazirX's Nischal Shetty says long-running Binance ownership clash has entered litigation

WazirX founder and CEO Nischal Shetty said in a recent interview that the Indian crypto exchange's ownership dispute with Binance has now progressed into formal litigation, intensifying uncertainty for its users. He traced the disagreement back to Binance's announced acquisition of WazirX around late 2019 to early 2020 and declined to comment on any post-hack communication with Binance in July 2024. Shetty also discussed a separate custody conflict with provider Liminal following a July 2024 multi-signature wallet breach that WazirX linked to Liminal's infrastructure, while Liminal later rejected responsibility.
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