WazirX calls out Binance’s allegations, says user assets are safe

Zanmai Labs owned-WazirX on February 8 issued a statement disputing Binance’s claims of the crypto exchange driving a false narrative based on its use of the latter’s wallet services. This comes days after Binance said that it is stopping its wallet services to WazirX following a long-standing legal battle.

In a latest blog post, WazirX said, “The allegations made by Binance in their blog are false and unsubstantiated. As far as Binance’s actions are concerned, we are taking the necessary steps to seek recourse and protect our legal rights.”

WazirX also added that it has made arrangements to ensure WazirX’s digital assets are “stored in accordance with industry-leading standards.”

“Users can continue to trade, deposit, and withdraw their funds as usual,” it said.