WazirX revealed in its proof of reserves report that 90% of its user assets are in Binance wallets. CoinGabbar published WazirX’s proof of reserves which believes that they are India’s biggest crypto exchange by volume and reserves.
Binance wallets owned 92% of user funds, $259.07 million, while other exchanges had $26.45 million. As part of that announcement, it revealed that 90% of its customer assets are stored in Binance wallets. At the time of writing, WazirX has around $280 million in stablecoin USDT user assets tied to the U.S. dollar.
Source: https://crypto.news/binance-has-majority-of-wazirx-funds/