Binance clarifies it never owned WazirX, demands accountability
Summary
Binance has clarified its non-involvement with WazirX amid ongoing issues following a $235 million hack in July. WazirX co-founder Nischal Shetty made misleading claims about Binance's responsibility for user losses, which Binance labeled as “outrageously misleading.” Binance emphasized it has never owned or operated WazirX, which is owned by Zanmai Labs Pvt Ltd, a subsidiary of Zettai. Previous negotiations for acquisition did not finalize due to Zettai's failure to meet obligations. Binance rejected any liability for claims against Zettai and denied involvement in WazirX’s user agreements. Despite offering assistance, Binance's requests for reports on the hack have gone unanswered by WazirX.
