Binance denies any ownership or operational control over WazirX during hack.
WazirX, operated by Zanmai, responsible for compensating users after $235K loss.
Binance has issued a statement clarifying that it bears no responsibility for the financial issues at WazirX, following a $235,000 loss due to a cyber-attack on the platform in July 2024. The statement comes as rumors circulated about Binance’s involvement, which the company has labeled as “false and misleading.”
In a blog post titled *“To the WazirX Community: Correction of Zettai’s Inaccurate and Misleading Statements Concerning Binance,”* Binance distanced itself from the operational and financial problems plaguing WazirX. It is managed by Zanmai, an entity incorporated in India. Binance clarified that it has never owned, controlled, or operated WazirX, including at the time of the attack.
The attack, reported by WazirX on July 18, 2024, targeted a multisignature wallet holding user funds. The compromis
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