In a Slack communication sent by WazirX’s human resources department on Monday, the company told employees that it disagrees with the ED’s allegations.
On Friday,
the ED said it had conducted search operations against one of the directors of Zanmai Lab Pvt Ltd, the Indian entity operating WazirX, and issued a freezing order on its bank accounts, which contain Rs 64.67 crore.
“In the light of recent news about WazirX, we wanted to let you know that we have been fully cooperating with the ED and have responded to all their queries fully and transparently. We do not agree with the allegations in the ED press release and are evaluating our further plan of action,” read the Slack message, which ET has reviewed.
Nischal Shetty, founder of WazirX, and Binance CEO Changpeng Zhao (CZ)
have been at loggerheads on Twitter since Friday over which entity has control of WazirX’s operations. WazirX did not directly address this disagreement in the Slack note but said employees could ask questions “regarding the recent events”.
“Please be assured that we are trying our best to get your questions answered and will get back to you as soon as we can,” the note read. “Please take note that our operations will continue as usual and we will always act in the best interest of our employees and users,” it added.
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ET reported on Monday morning that the public spat between Shetty and CZ has dealt a blow to the about 15 million registered users of the Indian exchange, and that Zanmai Labs is exploring the possibility of taking legal action in its dispute with Binance, according to sources.
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