WazirX Updates Terms to Name Zanmai Labs as Crypto…
By Karthik Subramanian
AI summary of the source article
WazirX has updated its Terms of Use to name Zanmai Labs Private Limited as the operator of its crypto trading services, replacing Binance. The change follows a court-sanctioned restructuring while historical ownership disputes with Binance remain unresolved.
Why it matters
The distinction carries implications for determining contractual responsibilities, particularly concerning historical customer funds, the 2024 security breach and potential legal claims.
Key facts
- WazirX updated its terms on October 23, 2025, to establish Zanmai Labs as the sole operator of its crypto trading services.
- The operational shift follows a restructuring plan sanctioned by the Singapore High Court on October 13, 2025.
- A longstanding dispute between Binance and Zettai Pte Ltd regarding the platform's historical ownership and operational responsibilities remains unresolved.
Source excerpt · FinanceFeeds
Indian cryptocurrency exchange WazirX has revised its Terms of Use to formally identify Zanmai Labs Private Limited as the operator of its cryptocurrency trading services, replacing earlier contractual language that assigned responsibility for those operations to Binance. The updated agreement, dated October 23, 2025, states that Zanmai now operates crypto-to-crypto trading and related services fo…