India-based cryptocurrency exchange WazirX said in a statement on February 7 that Binance’s claims against the company were “false” and “baseless.”
Exchange Added It sought recourse and took necessary steps to protect its legal rights for actions taken by Binance.
WazirX has also eased user concerns about funds. The exchange said:
“WazirX users need not worry about Binance’s announcement. We have arranged for WazirX’s digital assets to be stored according to industry-leading standards.”
Zanmai Labs, the operator of Binance and WazirX, has been in a public row since last year over ownership of the exchange.
Binance and its CEO Changpeng Zhao “CZ” have repeatedly claimed that they have no control over the operations of the Indian exchange and the assets of its users, but WazirX co-founder Nischal Shetty said that Binance could not control the exchange. Said it was acquired and owned.
This disagreement culminated in Binance terminating wallet services to WazirX on February 3rd.
Binance has yet to respond of crypto slate Request for comments at press time.
A post in which WazirX deems Binance’s claims to be “false” and “unsubstantiated” first appeared on CryptoSlate.
