Binance, the world’s largest crypto exchange by trading volume, on Friday said it does not own any equity in Zanmai Labs, the entity operating WazirX and established by the original founders.

In a series of tweets, Changpeng Zhao, founder, and chief executive officer of Binance, said it published a blog post that it had “acquired” WazirX. However, this transaction was never completed and Binance has never at any point owned any shares of Zanmai Labs.

Quick thread on Binance and WazirX, and some incorrect reporting.

Binance does not own any equity in Zanmai Labs, the entity operating WazirX and established by the original founders.1/4— CZ