WazirX, as a well-known cryptocurrency trading platform, has recently set off a sensation. Faced with acquisition rumors and security concerns, WazirX resolutely refused and responded to external doubts with a signal of ending service. This incident not only touched the nerves of the cryptocurrency market, but also triggered deep thinking about digital currency security and the future of the industry.

At this moment full of challenges and opportunities, WazirX chose to stick to its original intention and defend the interests of users. Faced with the temptation of acquisition, they resolutely refused in order to protect the independence and transparency of the cryptocurrency industry. This firm stance not only won the trust of users, but also attracted widespread attention from the market. This kind of desperate spirit makes people have to respect WazirX's courage and responsibility.

With the continuous development of the cryptocurrency market, the issue of currency security has attracted much attention. WazirX's Jedi counterattack this time is not only a response to external doubts, but also an upgrade of its own security mechanism. By refusing acquisition, they sent a strong signal to the outside world: currency security is the bottom line that cannot be compromised. This attitude of adhering to user interests will undoubtedly win more advantages for WazirX in the fierce competition.

In the digital currency industry, security issues have always been a focus that cannot be ignored. WazirX's termination of service by refusing acquisition is not only a warning to the outside world, but also a self-examination of its own security mechanism. They know that only by ensuring the safety of users' assets can they win the trust of the market. This self-pressure attitude will lay a solid foundation for WazirX's future development.

In this era of information explosion, the development of the cryptocurrency industry is changing with each passing day. WazirX's Jedi counterattack this time is not only a response to the outside world, but also a persistence in its own values. They chose trust and transparency, and the spread of this positive energy will win WazirX wider recognition and support. In the future journey, WazirX will continue to stick to its original intention, not forget its mission, and create a safer and more convenient trading environment for users.

In summary, WazirX's firm attitude in the face of the acquisition storm not only shows their adherence to the interests of users, but also demonstrates their high attention to the security of digital currencies. This belief and responsibility will win WazirX wider praise and recognition. I believe that in the future development, WazirX will continue to lead the industry development and inject more positive energy into the digital currency market.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120Btc.com) News: Looking back a few years, Binance announced the acquisition of WazirX, the leading Indian exchange, in November 2019. However, in August 2022, WazirX was accused by the Indian government of money laundering for multiple technology companies, and sent prosecutors and police to raid the Mumbai office for a search. Binance CEO Zhao Changpeng (CZ) came out to announce that the transaction with WazirX had never been truly delivered; while WazirX kept arguing that Binance had completed the acquisition and had long held the ownership of WazirX.

At present, the founder of WazirX has revealed new news through the media.

WazirX: Binance sent a letter to "threaten" to terminate service

According to CoinDesk, WazirX said that on the 26th of this month, Binance sent a final notice requiring WazirX to meet two requirements by the end of this month, otherwise Binance may terminate the service agreement with WazirX before February 3. The two demands include:

 Issue a pre-prepared announcement by Binance to withdraw all previous statements by WazirX co-founder Nischal Shetty that Binance "owns" WazirX.

 WazirX deletes all content related to Binance in the terms of service.

Nischal
Shetty complained to CoinDesk that Binance's request was "unethical" and attempted to use media pressure to threaten WazirX to issue false and misleading announcements. He also refused to withdraw Binance's previous statement of acquiring WazirX and had replied to Binance's legal team and CZ. In his letter of refusal to Binance, Shetty wrote: Binance unilaterally withdrew a large amount of funds (more than $67 million), which were transaction fees earned by WazirX on the platform. Binance transferred these funds to an internal account that is completely under its control because Binance has control over WazirX's wallet.

According to the email records Nischal Shetty presented to CoinDesk as evidence, in 2021, Brian Schroder, CEO of Binance US, and Tushar Patel, Vice President of Finance of WazirX, had correspondence on the "Stock Purchase Agreement".

More than 90% of WazirX's reserves are stored in Binance

Although the whole incident seems very confusing so far, Binance has maintained its statement for many months that it has not actually acquired WazirX. However, according to the on-chain data service CoinGabbar.com, more than 90% of WazirX's total reserves are currently stored in Binance accounts, with a current total value of US$323 million.

How to "return" the funds to WazirX and keep WazirX users' assets safe may become a major headache for Binance in the future.