Yesterday, Binance said that it does not own any equity in Zanmai Labs, the entity operating WazirX and established by the original founders. In 2019, Binance acquired WazirX. This comes after the Enforcement Directorate had frozen Rs 64.67 crore worth of bank deposits of WazirX. ED also raided Sameer Mhatre, a director of Zanmai Lab Pvt Ltd (which owns WazirX) on August 3.