1. Nischal Shetty's Response to Binance's Statement
2. Disputing Binance's Claims
3. WazirX's Position and User Rights

WazirX co-founder Nischal Shetty responded to Binance’s September 17, 2024 public statement, which dismissed WazirX’s claims and denied liability for user losses following the ₹2,000 crore hack.

Nischal Shetty's Response to Binance's Statement

In the recent [affidavit](https://drive.google.com/file/d/1sTBXh2VVm__NpPgImP4Pe2nf7fHx0MLH/view), Nischal Shetty took issue with Binance’s portrayal, arguing that the statement included cherry-picked facts that painted a misleading picture of the ongoing dispute.

Disputing Binance's Claims

In their statement, [Binance has firmly denied allegations](https://www.cryptotimes.io/2024/09/17/binance-trashes-wazirx-claims-and-rejects-liability-for-hack/) that it owned, controlled, or operated WazirX before, during, or after the July 2024 attack that led to significant user fund losses. Shetty accuses Binance of misleading users by showing only one side of the dispute.

WazirX's Position and User Rights

Shetty emphasized that Binance’s claims do not change Zettai’s position, WazirX users are considered contingent unsecured creditors. This means they have claims on the platform’s assets but are not guaranteed to get their funds back. He also highlighted concerns about the confidentiality of the matters referenced in Binance’s statement, indicating that disclosing such information could jeopardize the integrity of the legal proceedings.

Shetty stated that he does not wish to engage in a detailed refutation of each point made by Binance at this time and emphasized the importance of maintaining the confidentiality to preserve the integrity of the legal process.