**Breaking News: WazirX Seeks Binance's Assistance Following $230 Million Hack**

In a significant development in the cryptocurrency world, WazirX, a prominent cryptocurrency exchange, has reportedly reached out to Binance for assistance following a massive security breach. According to sources, WazirX experienced a hack resulting in a loss of approximately $230 million. The exchange is now seeking Binance's support to compensate the affected users and mitigate the fallout from this unfortunate incident.

Binance, one of the largest cryptocurrency exchanges globally, holds $80 million worth of WRX tokens, the native cryptocurrency of WazirX. This substantial holding places Binance in a pivotal position to potentially assist in the recovery efforts. The partnership between WazirX and Binance has been crucial in the past, with Binance acquiring WazirX in 2019. This alliance has allowed WazirX to leverage Binance's vast resources and expertise, enhancing its security and operational capabilities.

The recent hack has sent shockwaves through the crypto community, highlighting the persistent challenges in ensuring the security of digital assets. The request for assistance from Binance underscores the gravity of the situation and the importance of swift action to restore confidence among users.

As the situation develops, the collaboration between WazirX and Binance could set a precedent for how exchanges handle security breaches and user compensation. The crypto community will be closely watching the next steps taken by both entities, as they navigate this crisis and work towards a resolution.

Stay tuned for further updates on this developing story as more details emerge.

*Note: This content is based on a circulating rumor and has not been confirmed by official sources.*