Binance vs. WazirX: War of Words Escalates Over $235 Million Hack
- Binance denies WazirX’s claims, stating it never owned or operated the platform during the $235 million hack.
- WazirX’s July 2024 hack caused major fund losses, with CEO Nischal Shetty blaming Binance, which the company firmly refutes.
- Binance calls on WazirX to stop misleading users and take responsibility for the lost funds.
Binance has vehemently denied WazirX’s allegations, emphasizing that it has never owned or operated the platform, even during the July 2024 cyberattack that led to the loss of $235 million in user funds.
In an official statement, Binance urged the WazirX team to take full responsibility for the breach, dismissing claims that Binance was involved in the platform’s operations or the fallout from the hack.
Binance and WazirX Trade Accusations
Binance’s response comes alongside repeated claims by WazirX CEO Nischal Shetty that Binance shares responsibility for the security breach.
On July 18, 2024, WazirX suffered a major hack affecting a multisignature wallet holding user funds. This wallet had multiple signatories from the WazirX team and one from Liminal, a third-party custody provider. Binance, however, denied any involv…
The post Binance vs. WazirX: War of Words Escalates Over $235 Million Hack appeared first on Coin Edition.
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Binance vs. WazirX: War of Words Escalates Over $235 Million Hack
- Binance denies WazirX’s claims, stating it never owned or operated the platform during the $235 million hack.
- WazirX’s July 2024 hack caused major fund losses, with CEO Nischal Shetty blaming Binance, which the company firmly refutes.
- Binance calls on WazirX to stop misleading users and take responsibility for the lost funds.
Binance has vehemently denied WazirX’s allegations, emphasizing that it has never owned or operated the platform, even during the July 2024 cyberattack that led to the loss of $235 million in user funds.
In an official statement, Binance urged the WazirX team to take full responsibility for the breach, dismissing claims that Binance was involved in the platform’s operations or the fallout from the hack.
Binance and WazirX Trade Accusations
Binance’s response comes alongside repeated claims by WazirX CEO Nischal Shetty that Binance shares responsibility for the security breach.
On July 18, 2024, WazirX suffered a major hack affecting a multisignature wallet holding user funds. This wallet had multiple signatories from the WazirX team and one from Liminal, a third-party custody provider. Binance, however, denied any involv…
The post Binance vs. WazirX: War of Words Escalates Over $235 Million Hack appeared first on Coin Edition.
Read More