Don't invest in WRX . he'll take all money 🤑

Some new evidence shows WazirX exchange taking help from Binance for fund management and speculations are giving strong backing to this evidence. WazirX customers are calling the WazirX’s CEO a superhero.

As we know, four months ago, the crypto exchange was hacked & and nearly half of its funds were hacked, probably by the popular Korean hacking group Lazarus. Today, the WazirX team confirmed they transferred (probably traded in the market) WazirX customer’s funds to rebalance the hacked funds.

Read this full report to know know the crypto traders are now bullish on the $WRX token and what can be positive outcomes for #Wazirx #WazirX_Hack customers https://t.co/tb376kV69E

— Bitcoinik (@Bitcoinikdotcom) December 13, 2024

All those people who were criticising & abusing WazirX CEO Nischal Shetty for the hacking incident are now appreciating him as a superhero & saviour.

Nischal, you are our hero!Your hard work, commitment, and passion for crypto and supporting #WazirX victims are unmatched. You will rise like a dragon.Bhai, can you please answer my question now? https://t.co/CpdVcr8c47

— Justice for WazirX Users (@IndiasCrypto) December 13, 2024

However, many people called WazirX’s fund rebalancing activity unethical & illegal, but the majority of the people appreciated this move, as it is going to compensate the customers 100%.

Potential Binance’s involvement

However, so far, neither Binance leadership nor WazirX leadership has talked about the involvement of Binance exchange in this matter, but many people speculated that Binance is deeply engaged & soon or later, the official information will come into the public domain.

On 12 Dec, a Crypto X user reported his findings on the on-chain relationship between Binance & WazirX and provided evidence that Binance’s wallets have been used by the Wazirx team to transfer a very large amount of funds.

Has Binance Stepped In? $230M WazirX Hack Reimbursement LikelyIn July '24, @WazirXIndia lost $230M+ to a suspected Lazarus Group hack (cf @zachxbt). For months, silence. But today’s on-chain moves suggest a 95%+ chance they’re preparing to reimburse victims—likely announced in… https://t.co/cMAR1sUeNK pic.twitter.com/LLjhc60wP1

— 0xLouisT (@0xLouisT) December 12, 2024

A WazirX customer also shared his parallel analysis along with this finding & urged the Binance CEO Richard Teng to confirm whether all this evidence is proof that Binance is there to rescue the WazirX exchange.

Dear @_RichardTeng can you please confirm or deny this information 🙏 Indian Crypto Community awaits for your answer! #Binance #Wazirx Will @Binance help #Wazirx users ? I know, if if @cz_binance was reading this he would never make users suffer!

— Romy Johnson (@TOOOFAANN) December 12, 2024

Read also: Rumours suggest Binance or another crypto exchange coming to rescue WazirX