Wu said that he learned that the Binance blog posted that the WazirX platform operated by Zanmai reported that it suffered a cyber attack on July 18, 2024, resulting in a loss of approximately US$235 million in user funds, and WazirX has been unable to meet customer withdrawal requests to date. Nischal Shetty, the main owner of Zettai, claimed that Binance may be responsible in some way for the losses suffered by WazirX users and creditors due to the cyber attack. In response, Binance stated that this is wrong and any such statement is extremely misleading. It did not acquire WazirX. Although the two parties have signed a contract, the proposed transaction has never been completed due to Zettai’s failure to fulfill its obligations. Binance has never owned, controlled or operated WazirX at any time, including before, during or after the alleged hacker attack.