Binance has publicly urged Zettai, the operator of crypto exchange WazirX, to compensate users affected by a recent hack that resulted in a $235 million loss. According to WazirX’s CEO in court, the stolen assets represent nearly half of the exchange’s total holdings.

Binance also accused Zettai’s leadership of misleading users about the nature of the companies’ relationship and shifting blame for the incident. The situation continues to unfold after the major breach at WazirX.

#wazirX #zettai #CryptoLegalNews

🚨🚨🚨 ATTENTION PLEASE 🚨🚨🚨

Binance Fires Back at WazirX Ownership Claims Before and After Hack

📢
Binance sets the record straight, distancing itself from WazirX’s unfolding chapter post-hack.

Binance, the world’s largest crypto exchange by trading volume, has refuted Nischal Shetty’s claims that it might be somehow responsible for the losses suffered by WazirX users after the platform was hacked for $235 million on July 18.

The claims stem from an affidavit by Shetty asserting that Binance’s dispute with Zettai, a Singapore-based company that holds the parent status for WazirX, may result in a determination that Binance owns WazirX, meaning the hacked exchange’s creditors may become creditors of Binance.

✅Binance Sets the Record Straight

Noting that Shetty’s claims made it clear that the WazirX co-founder was trying to blame Binance for the hack, the exchange said it felt “compelled” to address the inaccuracies to help users understand the situation and its facts.

“Whatever the outcome of the dispute, Binance does not own or operate WazirX.”

The statement read. "Zettai and its affiliates accept that they still operate WazirX. In the dispute, Zettai and its affiliates are not seeking a declaration that Binance is the owner, controller, or operator of WazirX."

"Furthermore, the WazirX team has confirmed that they and Liminal (not Binance) were wallet signatories and the compromised wallet was operated utilizing the services of Liminal and not Binance.”
The exchange said.

According to the statement, Binance has yet to verify the July 18 hack on WazirX as the trading platform did not provide reports on the incident as initially requested.

My trust in Binance grows more after this clarification which was long awaited as some big mouths were pointing fingers towards Binance and blabbering nonsense. They were actually nothing but paid PR labourers of the fraudster Nishchal Shetty to cover up his frauds.

Karma plays hard.

#wazirX

$WRX

Binance Responds to WazirX Allegations:

👉#wazirX Cyber-Attack: On July 18, 2024, WazirX suffered a cyber-attack, leading to the loss of $235 million in user funds. Binance was not involved in the operation of the compromised wallet.

👉Ownership: #Binance never acquired or controlled WazirX. Zanmai/Zettai, owned by Nischal Shetty, has always operated WazirX.

👉WazirX User Agreement: Binance is not a party to the WazirX User Agreement, and any references to Binance in it are unauthorized.

👉User Funds: Binance does not hold WazirX user funds. These were withdrawn from Binance wallets in January 2023.

👉Responsibility: Binance bears no responsibility for the cyber-attack or WazirX’s user losses.

👉Misinformation: #Binance asserts that Nischal Shetty's claims about Binance's responsibility for WazirX’s losses are inaccurate and misleading.

#FOMC #NeiroOnBinance #BinanceLaunchpoolHMSTR #GrayscaleXRPTrust

$WRX 💢 "How to cheat your users and get away with it? 💢
🔔
Ever since I've been keeping up with the updates and raising important questions regarding user funds, this fraudster Nischal Shetty is making things shady day by day.

WazirX's Full Plan

WazirX aims to secure legal immunity in Singapore court through a scheme of arrangement, shielding them from all liabilities. 🛡️

They're dragging Binance for personal advantage. 💼

Once they achieve legal immunity and approval for a moratorium, they plan to repay us only 40-55% of our funds after 6 months, distributed in small tranches of 5-10% over several months, or even years. 💸

Why? Because paying 55% upfront after 6 months would cripple them financially. Instead, they'll use the users remaining funds to keep WazirX afloat, attracting more users like us and fool them. They know that after receiving our assets, many of us will likely leave, so they'll need new users to sustain operations. 🐟🎣

What WazirX should do is accept personal losses and encourage Binance to fully acquire WazirX without any conditions. This way, users can be made whole with 100% of their funds returned, restoring trust in the platform. 💯🤝

✅ What WazirX gains?

While they may not make immediate money, they'll earn respect for doing right by their users, potentially allowing them to profit from future ventures. 🌟

Wazirx will die or probably become the most shady exchange without Binance support. It's time for WazirX management to let it go, Accept the loss and do right by the users.

But as of now they've played really well, especially having users' crypto within the exchange and bull run ringing the bells around the corner. Even SBF should take a few lessons from this fraudster Shetty - How to play the victim card?

What a masterstroke!

#wazirX

WazirX Hacker Launders More ETH Through Tornado Cash! 🚨

The WazirX hacker has sent an additional 20,000 ETH ($46.97M) to Tornado Cash over the past 7 days.

This brings the total amount of ETH laundered by the hacker to 27,600 ETH ($65.5M). Currently, the hacker still holds 34,154 ETH ($83M), or 55% of their stolen funds, spread across 14 known wallet addresses.

Stay vigilant as more funds may continue to move!

#wazirX #WazirX $ETH

Hacker #wazirX has already managed to launder about 27,600 #ETH🔥🔥🔥🔥 ($65.5 million)

He still has 34,154 ETH ($82.6 million) on his balance, or about 55% of the stolen funds. The rest is in #CELR , #OOKI , #FRONT: and LOOM tokens

Over the past 7 days, the hacker sent 20,000 ETH ($46.97 million) to the Tornado Cash mixer

BREAKING 🔥Indian crypto exchange #wazirX may pay all the user's crypto and Fiat amid suffering hacking lost of $230m+ in 2025.

$WRX

#PeckShieldAlert The #wazirX exploiter-labeled address has moved another batch of 5K $ETH (worth ~$11.9M) to a new address 0x5FE2...AC19 & has already laundered 2K $ETH via #TornadoCash

WazirX Attacker Moves 5,001 ETH ($11.7M) to New Wallet for Laundering

Just 3 hours ago, the WazirX attacker transferred another 5,001 ETH ($11.7M) to a new wallet for further laundering:

( Wallet Addresses in Comment )

In the past 8 days alone, the attacker has sent a total of 12,600 ETH ($30.13M) to Tornado Cash for money laundering.

Currently, 49,155 ETH ($115M) remain in the attacker’s known wallets, including the recent 5,000 ETH transfer.

#ETH #eth #wazirX $ETH

☢️ #WAZIRX HACKERS TRANSFERS $11M IN ETHER FROM THE LAUNDERED FUNDS

⭕ North Korean hackers have laundered $11 million in ether from the WazirX hack via #TornadoCash .

⭕They recently transferred 5,000 ETH to a new wallet and then moved $1.2 million through Tornado Cash.

📈Their #wallet🔥 now holds over $107 million, mostly in ether.

The breach forced #wazirX to undergo major restructuring.

(🌐Source: #Coindesk )

Binance has invited Zanmai Labs, the entity operating Indian crypto exchange WazirX, to work out arrangements to withdraw any remaining assets held in Binance wallets, according to a blog post on Friday.

#crypto2023 #bearorbull #Binance #wazirX #cryptoonindia

Indian cryptocurrency exchange WazirX has shut down its NFT marketplace. The website states that the “marketplace has been sunseted.” However, users can still trade their NFTs on OpenSea, according to the website.


#wazirX #nftmarket #closed #BTC #cryptoonindia

🚨BREAKING:
🇮🇳 Indian crypto exchange WazirX experienced a security breach, $230 million in withdrawals.

#Mt_Gox_BTC_Dip #wazirX