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In his blog post, the Binance co-founder claimed the allegations unexpected and disappointing

The development comes after WazirX co-founder Nischal Shetty refused to retract statements that Binance had purchased Zanmai Labs

He hinted that the exchange platform would hire a skilled technology professional

The move can be considered an outcome of the recent upheavals in the crypto world

In February, the fintech raised $11 million in a Series A funding round.