Crypto exchange co WazirX battles liabilities, white knights yet to arrive

Sourcing white knights, or those entities who may prevent a hostile takeover, may turn out to be an uphill task for the embattled crypto exchange WazirX.

The beleaguered platform is tied up with a series of challenges including massive liabilities, its dispute with global crypto exchange Binance, and investors losing faith as the company looks to restructure.

The company may be engaged in talks with a bunch of crypto platforms for a potential deal, sources close to the company said.