Binance Denies Responsibility in WazirX Hack Incident
In a recent statement, the Binance team addressed the WazirX hack incident and firmly denied any responsibility related to WazirX or its customers. Binance, a leading cryptocurrency exchange, had announced the acquisition of popular Indian exchange WazirX in late 2019. However, it was later confirmed in late 2022 that the deal was never finalized, leading Binance to sever all partnerships and relationships with WazirX’s crypto business.
Following the hack that occurred two months ago, WazirX has been grappling with the loss of nearly $235 million in cryptocurrencies belonging to its customers. WazirX leadership had indirectly insinuated that Binance, as the supposed owner, should compensate the affected customers for their losses.
Binance has now responded to these allegations, asserting that WazirX leadership has been misleading their customers. They clarified that the dispute between Binance and WazirX is unrelated to the hack incident. Binance made it clear that they do not hold any funds belonging to WazirX or its customers, dismissing all accusations as false and misleading.
The Binance team revealed that they had attempted to reach out to WazirX regarding the hack to offer assistance in tracking down the hacker, but received no response from the WazirX team. While legal constraints limit the extent to which Binance can discuss certain matters, their recent statement aimed to provide clarity for customers regarding the Binance-WazirX dispute and its connection to the hack.
It was also mentioned that Binance will soon release a video addressing this issue in more detail, with the intention of helping customers better understand the situation and dispelling any expectations of compensation from Binance in relation to the WazirX hack.
The unfolding developments in this case highlight the complexity of the cryptocurrency ecosystem and the importance of transparency and accountability within the industry. As the story continues to evolve, it underscores the need for clear communication and responsible actions from all parties involved.