India-based crypto trade WazirX mentioned Binance’s allegations in opposition to it are “false” and “unsubstantiated,” in keeping with a Feb. 7 assertion.
The trade added that it was taking the required steps to hunt recourse and shield its authorized rights in opposition to the actions taken by Binance.
WazirX additionally allayed customers’ fears about their funds. The trade mentioned:
“WazirX customers should not have to be involved about Binance’s announcement. We’ve made preparations to make sure that WazirX’s digital belongings are saved in accordance with industry-leading requirements.”
Binance and WazirX’s operator Zanmai Labs have been engaged in a public spat over who owns the trade since final yr.
Whereas Binance and its CEO Changpeng Zhao “CZ” have repeatedly maintained that they haven’t any management over the Indian trade’s operations and its customers’ belongings, WazirX co-founder Nischal Shetty mentioned that Binance acquired and owned the trade.
The disagreements culminated in Binance terminating its pockets providers to WazirX on Feb. 3. The Indian trade later transferred its belongings to multi-sig wallets.
Binance was but to answer CryptoSlate’s request for remark as of press time.
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