Cryptocurrency exchange WazirX in India says that the allegations made by Binance about the exchange are not true.
According to the statements made by the WazirX management, “The allegations made by Binance on its own blog are false and unfounded”.
WazirX management also responded to Binance’s steps so far, will take the necessary steps to protect its own legal rights announced.
WazirX, one of India’s most popular cryptocurrency exchanges, is owned by Singapore-based Zanmai Labs. Between Binance and Zanmai Labs, Dispute over who actually manages WazirX because it was opened.
The quarrels between the two started when Binance CEO Changpeng Zhao made a statement in August 2022, Saying that WazirX is not managed by Binance started with.
Binance gave WazirX an ultimatum at the end of last month, or what it did about Binance. to withdraw statements or Binance’s wallets stop using as of February 3 told.
WazirX management made a statement on February 3, announcing that funds held on Binance have begun to be transferred to multi-signature wallets. Also in WazirX’s most recent statement “users don’t need to worry about Binance’s announcement” specified.