Binance, the world’s leading cryptocurrency exchange, has once again asserted that it has no ownership, control or operation of WazirX , the Indian cryptocurrency exchange that was hacked for $230 million, the latest move in an ongoing dispute between the two companies.
- WazirX Hack: On July 18, WazirX was hacked, resulting in the theft of over $230 million in cryptocurrency from a multisig wallet on the Ethereum network.
- Binance Response:
– Denies any responsibility for the hack and the operations of WazirX.
– Accuses Nischal Shetty, director of parent company WazirX, of making “misleading statements.”
– Affirms that the acquisition of WazirX was never completed because “Zettai failed to fulfill its obligations”.
- Ownership dispute:
– Binance claims that the Indian Law Enforcement Agency has recognized Zanmai as the owner of WazirX.
– Deny any involvement in operating the hacked wallet.
- Binance Requirements:
– Call on WazirX team to take responsibility and compensate users for lost funds.
The incident raises questions about responsibility and ownership in the cryptocurrency industry, while also highlighting the importance of security and transparency in exchanges.
The article Binance Denies Involvement in $230 Million WazirX Hack appeared first on Coin79 - Coin News Update and Crypto Investment Knowledge .
