Binance Tells Indian Crypto Exchange WazirX to Withdraw Customer Assets Held in Its Wallets

Binance has invited Zanmai Labs, the entity operating Indian crypto exchange WazirX, to work out arrangements to withdraw any remaining assets held in Binance wallets, according to a blog post on Friday.

The solution ostensibly ends worries about what would happen to customer funds if Binance and WazirX end their collaboration.

"As an exception, we have invited Zanmai to work out arrangements with us to withdraw any remaining assets in the relevant accounts after 3 February. However, the responsibility ultimately lies with the Zanmai team to make the withdrawals expeditiously," Binance said.

WazirX did not immediately respond to CoinDesk's request for comment.

Updates to follow...

Read More: WazirX Says Binance Lied About Ownership as Dispute About India’s Largest Exchange Escalates

UPDATE (Feb. 3, 11:30 UTC): Adds comment disclosure.