Binance, a leading cryptocurrency exchange, has responded to accusations from Wazirx and Zettai regarding the loss of user funds during the July cyberattack. Binance firmly stated that Wazirx’s management under Zanmai and Zettai is responsible for the lost assets, not Binance. In response to claims made by Wazirx co-founder Nischal Shetty, Binance reiterated, “Binance bears no responsibility for the consequences of the alleged hack.”
Binance rejected accusations from Wazirx that it mishandled the situation, emphasizing the importance of platforms protecting user funds. The exchange highlighted Wazirx’s responsibility to compensate affected users. In a statement, Binance said, “The security and protection of user funds is a fundamental responsibility of any cryptocurrency platform. We urge the Wazirx team under Zanmai/Zettai to be accountable to Wazirx users.”
Binance further explained that Wazirx had sufficient time to move user funds from Binance’s wallets prior to the attack. They clarified, “Binance gave fair notice that Wazirx user funds should be removed from Binance’s wallets long before the attack occurred.”