Close on the heels of ED searches on WazirX owner Zanmai Labs, the founder of US-based cryptoexchange Binance, Changpeng Zhao, a.k.a. CZ, claimed that his company doesn’t hold any stake in the Indian company, seen as an attempt to shrug off any role in the allegations surrounding WazirX.
WazirX has been shrouded in a massive controversy over the violation of the Foreign Exchange Management Act, 1999 (FEMA). The Enforcement Directorate (ED) has recently carried out…