2024

Million

WazirX

Coin

<ul class="wp-block-list news-points">
 <li>Binance denies WazirX’s claims, stating it never owned or operated the platform during the $235 million hack.</li>
 <li>WazirX’s July 2024 hack caused major fund losses, with CEO Nischal Shetty blaming Binance, which the company firmly refutes.</li>
 <li>Binance calls on WazirX to stop misleading users and take responsibility for the lost funds.</li>
</ul>
Binance has <a href="https://www.binance.com/zh-CN/blog/community/to-the-wazirx-community-correction-of-zettais-inaccurate-and-misleading-statements-concerning-binance-4005526688459858370" target="_blank" rel="noopener noreferrer nofollow">vehemently denied</a> 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.
<h2 class="wp-block-heading" id="h-binance-and-wazirx-trade-accusations">Binance and WazirX Trade Accusations</h2>
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 <a href="https://coinedition.com/binance-vs-wazirx-war-of-words-escalates-over-235-million-hack/" rel="noopener noreferrer nofollow">Binance vs. WazirX: War of Words Escalates Over $235 Million Hack</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Binance vs. WazirX: War of Words Escalates Over $235 Million Hack

Table of Contents

Coin Edition

Other articles published on Sep 17, 2024

Crypto Trader Who Achieved 100x ROI in 2021 Says Viral Real Estate Tokenization Altcoin Under $0....

The Crypto Market Is Gearing Up For A 10-year Rally! An Opportunity Not To Be Missed.

Sui Network (SUI) increases by over 43% in a month following USDC integration

XRP Bulls Are Back: Is a $0.74 Breakout Just Around the Corner?

MiCA Crypto Alliance: Ripple, Hedera, and Aptos Join

Coinpedia Fintech News

Join our free newsletter for daily crypto updates!