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You're listening to the Coin Desk podcast network. Hey there. Welcome to CoinDest TV. You're watching The Hash, where we hash out

the day's news in the world of crypto culture and get to some of the big ideas that animate

all the crazy things that are always

happening in this industry. We just love you're here. Thanks for being here. I'm Zach Seward.

That's Adam Levine. We've got Jen Sanassi and Will Foxley. We're going to toss it straight to

Jen. I guess for an update on this finance Wazer X spat over in India. What's going on?

Well, the saga continues, Zach. So according to a blog post published by Binance, WazerX can no longer use Binance's wallet services. The post says that

the Indian exchange has made false and misleading statements about Binance's control over WazerX user assets. And because of this,

the company has until today to remove funds from accounts that they used for WazerX operations.

WazerX tweeted, I think two or three hours ago, that they've initiated the process of

transferring assets to multi-sig wallets, which they expect to be fully completed

within the next few hours. Will, I'm going to toss this off to you. We've been chatting about

this saga on the show for the last couple of weeks. Finally, it looks like it's come to a head.

What did you make of this blog post this morning? Yeah, I'm kind of waiting for this, right?

We've been following the story on the hash for quite a while. It's important, right? Binance has a lot of different

exchanges built on top of it. That's something that we've kind of fall along with the story and

learned about along the way. And then Wazer X, it's part of this basket of crypto exchanges in

India that has been impacted not only by downturn in crypto markets, but also by the Indian

government moving against crypto exchanges pretty heavily.

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