Binance has denied accountability for the $235,000 loss resulting from a cyberattack on WazirX in July 2024. The corporation, overseen by the Indian entity Zanmai, has dissociated itself from the platform’s operational and financial challenges.
The assault focused on a multisignature wallet containing user assets, comprising five signatories from the WazirX team and one from Liminal, a third-party custody service provider. Binance asserted that it did not participate in the administration or operations of this wallet.
The Indian authorities acknowledge Zanmai as the proprietor of WazirX, and Binance has encouraged the WazirX team under Zanmai/Zettai to assume whole responsibility for repaying users impacted by the attack.
Additionally, the corporation characterized efforts to assign blame as “deflection tactics” and demanded accountability from Zanmai. Binance asserts that it bears no responsibility for any operational or legal duties arising from the platform’s recent problems.
