In response to a July 2024 cyberattack that led to a $235 million loss from WazirX users’ wallets, Binance denied any responsibility. Binance clarified it neither owns nor operates WazirX and called on the Indian exchange to take full accountability.
The hack targeted a multisig wallet managed by WazirX and third-party custodian Liminal. Despite WazirX founder Nischal Shetty suggesting Binance could share blame due to past ties, Binance insisted it had no role in the compromised funds after January 2023, when WazirX took full control.
Binance accused Shetty of misleading users by implying a continued operational link.
In a September 17 blog post, Binance denied claims that it had ever acquired or controlled WazirX, clarifying that it had no involvement with the platform at any time, including during the July 2024 cyberattack.
Binance criticized WazirX founder Nischal Shetty for making misleading statements to shift blame for the attack, which targeted a wallet managed by WazirX and third-party custodian Liminal.
Binance called these accusations “outrageously misleading” and reaffirmed its lack of responsibility for the losses suffered by WazirX users and creditors.
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