WazirX founder Nischal Shetty and its legal advisory team had said in an earlier townhall that Binance given its disputed acquisition of the former, held majority of the revenues, cash flows or profits of WazirX parent Zettai restricting the former’s ability to repay affected customers from its own books.

Binance denies ownership and control of WazirX after a $235M hack, urging the Indian exchange to compensate affected users

Binance has released a statement distancing itself from the Indian crypto exchange WazirX, even as the latter claimed it had been acquired by Binance

Binance has denied any relationship with Indian exchange WazirX, noting that it never owned or controlled the crypto platform, which recently lost over $230 million to a hack. In a statement published on its website today,

Binance, the world’s largest cryptocurrency exchange, has denied any blame for the high-profile WazirX hack following misleading statements about the relationship between Binance and the Indian exchange.

The world’s leading cryptocurrency exchange by trading volume is distancing itself from a cyberattack that recently compromised the WazirX trading platform. In a statement released today, Binance said that it has never owned,

Binance has clarified its stance regarding its role in the WazirX fiasco, distancing itself from the company, while accusing the Indian exchange’s management of misleading users. In a September 17 blog post,