Binance responds to the dispute with WazirX's parent company Zanmai: has not acquired WazirX and does not bear any responsibility for its attacks
ChainCatcher news, Binance stated in a blog post that the WazirX platform operated by Zanmai reported that it suffered a cyber attack on July 18, 2024, resulting in user fund losses of approximately $235 million, and WazirX has been unable to fulfill customer withdrawal requests to date.Binance stated that Nischal Shetty, the main owner of Zettai, made some inaccurate statements regarding the ongoing disputes between Zettai and Binance. Shetty claimed that Binance might somehow be responsible for the losses suffered by WazirX users and creditors due to the cyber attack. Binance stated that this is incorrect, and any such claims are highly misleading. Binance stated that it has not acquired WazirX; although both parties signed a contract, the proposed transaction was never completed due to Zettai's failure to fulfill its obligations. Binance has never owned, controlled, or operated WazirX at any time, including before, during, or after the alleged hacking incident.Shetty stated that the outcome of the current dispute between Zettai and Binance could result in Binance owning WazirX, which would make Zettai's creditors creditors of Binance, meaning Binance would be responsible for WazirX users. In response, Binance believes this statement is incorrect, as Binance does not own or operate WazirX, is not a party to the agreement between WazirX and its users, does not hold any WazirX user funds, and bears no responsibility for the consequences of the cyber attack. Shetty's statements are inaccurate and misleading.
