WazirX to seek legal redress in its ongoing dispute with Binance

February 9, 2023

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The WazirX-Binance squabble continues, with the Indian crypto exchange threatening legal action against its Chinese counterpart. WazirX also called Binance’s allegations against it ‘false’ and ‘misleading’.

Binance’s allegations in their blog are false and unsubstantiated. “With regard to Binance’s actions, we are taking the necessary steps to seek recourse and protect our legal rights,” WazirX stated in a February 7 blog post. Binance terminated WazirX’s wallet service, instructing the Indian crypto exchange to withdraw all of its funds by February 3. Binance stated in a blog post that it wrote a letter to WazirX on January 26 asking them to retract statements made in August 2022 about the nature of the two companies’ relationship.

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