Binance responds to the dispute with WazirX parent company Zanmai: it did not acquire WazirX and does not accept any responsibility for the consequences of the cyber attack

Binance said in a post on its blog that the WazirX platform operated by Zanmai reported that it suffered a cyber attack on July 18, 2024, resulting in user losses in capital of about $235 million, and that WazirX has so far been unable to meet customer withdrawal requests. 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 may in some way be responsible for the losses suffered by WazirX users and creditors as a result of the cyber attack. Binance said this is false and any such claim is highly misleading.
Binance said it did not acquire WazirX and although the parties had signed a contract, the proposed deal never closed because Zettai failed to meet its obligations. Binance never owned, controlled or operated WazirX at any time, including before, during or after the alleged hack.
Shetty stated 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 liable to WazirX users. In response, Binance believes that this statement is false, Binance does not own or operate WazirX, is not a signatory to WazirX's agreement with its users, does not hold any WazirX user funds, and accepts no responsibility for the consequences of the cyber attack. Shetty's statement is inaccurate and misleading.