Binance responds to dispute with WazirX parent company Zanmai: Did not acquire WazirX and is not responsible for its attack

Binance said in a blog post that the WazirX platform operated by Zanmai reported that it suffered a cyber attack on July 18, 2024, resulting in a loss of approximately $235 million in user funds, and WazirX has been unable to meet customer withdrawal requests to date. Binance said that Nischal Shetty, the main owner of Zettai, made some inaccurate statements about the ongoing dispute between Zettai and Binance. Shetty claimed that Binance might be responsible in some way for the losses suffered by WazirX users and creditors due to the cyber attack. Binance said this was wrong and any such statement was extremely misleading. Binance said it did not acquire WazirX, and although the two parties had signed a contract, the proposed transaction was never completed because Zettai failed to fulfill its obligations. Binance never owned, controlled or operated WazirX at any time, including before, during or after the alleged hacking attack. Shetty said that the outcome of the current dispute between Zettai and Binance could result in Binance owning WazirX, which would result in Zettai's creditors becoming Binance's creditors, meaning Binance would be responsible for WazirX users. In response, Binance believes that this statement is wrong, Binance does not own or operate WazirX, is not a party to WazirX's user agreement, does not hold any WazirX user funds, and is not responsible for the consequences of the cyber attack. Shetty's statement is inaccurate and misleading.