Nischal Shetty, founder of WazirX, announced that the ownership dispute with Binance has moved to litigation. Shetty maintains that WazirX was sold to Binance in late 2019 or early 2020, a claim Binance disputes. Despite the legal proceedings, Shetty assured that the dispute will not significantly impact WazirX's operations or users. WazirX has resumed operations following a restructuring approved by a Singapore court. The platform's updated terms of service now provide clarity on ownership issues, ensuring transparency for users. The final resolution of the ownership dispute will be determined through legal channels.