Binance Denies Involvement in WazirX Hack

Binance, the world’s biggest crypto exchange, is denying any involvement in the recent $230 million hack of WazirX. They say they never owned or controlled WazirX, despite some speculation.

Binance Points Fingers at WazirX

Binance says that WazirX’s owner, Nischal Shetty, has been misleading people about their relationship. Binance claims they never took over WazirX, even though they had negotiations.

Binance says that an Indian company called Zanmai is the one who registered WazirX with the Indian government and is responsible for the platform. They’re calling on Zanmai to take responsibility for the hack and compensate users for their losses.

Binance Emphasizes No Ownership

Binance is adamant that they are not responsible for the hack. They say they don’t own or operate WazirX and that Zanmai is still in charge. They also say that Shetty’s statements about Binance’s involvement are incorrect.

Binance is urging users to be aware of the situation and not believe Shetty’s claims. They say they are committed to transparency and user protection.