Yugocean
Valued Contributor
Altercation has started between CoinDCX and WazirX, two major cryptocurrency exchange platforms in India.
The problem arose when the #WazirXCaught trend on Twitter started trending on june 18th,, and accounts promoting this trend were found to be fake accounts promoting paid promotion.
The Narcotics Control Bureau (NCB) sent a notice to WazirX on June 11, seeking clarification on a dealer using cryptocurrencies for drugs. Although according to WazirX that dealer is not a member of WazirX, it was alleged that WazirX did not do KYC which he is not aware of. However, WazirX does do KYC.
The account trending #WazirXCaught is believed to be a paid tweet due to a conspiracy against WazirX, and WazirX supporters are blaming its biggest competitor,CoinDCX. Although CoinDCX has distanced itself from these allegations as well, this is just the beginning of the controversy.
The problem arose when the #WazirXCaught trend on Twitter started trending on june 18th,, and accounts promoting this trend were found to be fake accounts promoting paid promotion.
The Narcotics Control Bureau (NCB) sent a notice to WazirX on June 11, seeking clarification on a dealer using cryptocurrencies for drugs. Although according to WazirX that dealer is not a member of WazirX, it was alleged that WazirX did not do KYC which he is not aware of. However, WazirX does do KYC.
The account trending #WazirXCaught is believed to be a paid tweet due to a conspiracy against WazirX, and WazirX supporters are blaming its biggest competitor,CoinDCX. Although CoinDCX has distanced itself from these allegations as well, this is just the beginning of the controversy.