Indian cryptocurrency exchange Wazirx sued by Binance denied the relationship between the two cryptocurrency exchanges. Emphasizing that the allegations are “false and baseless,” Wazirx emphasized. “As far as Binance’s actions are concerned, we seek recourse and take the necessary steps to protect our legal rights.”
Wazirx said Tuesday that Binance’s allegations regarding its relationship with Zanmai Labs, which allegedly operates Indian cryptocurrency exchanges, are “false” and “unsubstantiated.” misleading”. The company added that it is seeking reimbursement.
Wazirx wrote on its website:
The claims made by Binance on their blog are false and baseless. As far as Binance’s actions are concerned, we seek recourse and take necessary steps to protect our legal rights.
The global cryptocurrency exchange said Zanmai made “a series of misleading claims related to her Binance’s alleged role and responsibilities in the operation of the Wazirx exchange.” accused of being Binance said on his Friday, February 3rd:
Binance’s announcement followed a public dispute between the two cryptocurrency exchanges. Last August, Wazirx founder Nischal Shetty claimed that Wazirx was owned and controlled by Binance. “Zanmai Labs has a license from Binance to operate INR-crypto pairs on Wazirx. Binance operates crypto-to-crypto pairs and processes crypto withdrawals,” he tweeted..
Wazirx assures users
The Indian cryptocurrency exchange has informed users about Binance’s announcement that Wazirx is no longer able to use Binance’s wallet service. also guaranteed. Emphasizing that users “can continue to trade, deposit and withdraw funds as normal,” Wazirx stressed:
Wazirx users don’t have to worry about Binance’s announcement. We have arranged for Wazirx’s digital assets to be stored according to industry-leading standards.
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