According to TechFlow, on September 17, Binance issued an official statement on the dispute with Zanmai, the parent company of Indian cryptocurrency exchange WazirX, according to its official blog. Previously, the WazirX platform suffered a serious cyber attack on July 18, resulting in a loss of approximately $235 million in user funds. Binance emphasized in the statement that although the two parties had signed an acquisition agreement, the proposed transaction was never completed because Zettai (the owner of WazirX) failed to fulfill its contractual obligations. Therefore, Binance did not own, control or operate the WazirX platform at any time, including before, during or after the hacker attack.
Binance strongly denies Zettai majority owner Nischal Shetty’s claim that the current dispute could result in Binance owning WazirX, thereby making Zettai’s creditors creditors of Binance. The Company explicitly states that it does not hold any WazirX user funds, is not a party to WazirX’s user agreement, and therefore is not responsible for the consequences of the cyberattack. Binance considers Shetty’s statements to be not only inaccurate, but also extremely misleading.
