The opaque and intriguing ownership of the Indian crypto exchange WazirX continues to baffle investors and crypto honchos alike. Over the past two weeks, Binance and WazirX top executives once again came to blows over the issue.
In the latest, WazirX described the allegations made by Binance’s February 3 statement, which gave its estranged Indian partner just a few hours to withdraw all its funds from its wallets and accounts, as “false and unsubstantiated.”
In a brief statement on February 7, WazirX, the Singapore-headquartered India-focused crypto exchange, said its users should not be concerned as in the aftermath of its fallout with Binance, “WazirX’s digital assets are stored in accordance with industry-leading standards.” But the announcement ended up threatening Binance with legal action.
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