Binance has vehemently denied allegations from WazirX that it operated the platform during the July 2024 cyberattack that resulted in the loss of $235 million in user funds.
Binance Statements
In an official statement, Binance urged the WazirX team to take full responsibility for the breach, dismissing claims that Binance was involved in the platform’s operations or the fallout from the hack.
WazirX Response
Binance’s response comes alongside repeated claims by WazirX CEO Nischal Shetty that Binance shares responsibility for the security breach. In a press conference, Shetty emphasized that both sides should bear responsibility.
Hack Details
On July 18, 2024, WazirX suffered a major hack affecting a multisignature wallet holding user funds. This wallet had multiple signatories from the WazirX team and one from Liminal, a third-party custody provider. Binance, however, denied any involvement.
The conflict between Binance and WazirX continues to escalate, with both sides trading accusations, leaving the 2024 cyberattack unresolved.
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