WazirX to seek legal redress in its ongoing dispute with Binance

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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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WazirX to seek legal redress in its ongoing dispute with Binance

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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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