Indian cryptocurrency exchange WazirX said that the allegations made against it by the world's biggest crypto exchange Binance were "false and unsubstantiated". It added that the exchange was taking steps to protect its "legal rights".
"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," it said in a blog post.
This comes just days after Binance gave an ultimatum to Zanmai Labs, the parent company of WazirX, to not spread "false claims" and stop using Binance's