India-based crypto exchange WazirX said Binance’s allegations against it are “false” and “unsubstantiated,” according to a Feb. 7 statement.
The exchange added that it was taking the necessary steps to seek recourse and protect its legal rights against the actions taken by Binance.
WazirX also allayed users’ fears about their funds. The exchange said:
“WazirX users do not have to be concerned about Binance’s announcement. We have made arrangements to ensure that WazirX’s digital assets are stored in accordance with industry-leading standards.”
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