WazirX co-founder Nischal Shetty has pushed back against Binance’s September 17, 2024, public statement, which rejected WazirX’s claims regarding responsibility for user losses after the ₹2,000 crore hack.
In a recent affidavit, Shetty accused Binance of selectively presenting facts to portray a skewed version of the ongoing dispute between the two companies. He criticized Binance for downplaying the complexities of the issue, particularly its denial of ownership or operational involvement with WazirX during the July 2024 cyberattack that resulted in major losses for users.
Shetty went on to claim that Binance is misleading users by sharing only its side of the story, effectively obscuring key aspects of the disagreement. He also raised concerns about the sensitive nature of the information included in Binance’s statement, warning that its public release could potentially compromise the legal process.
While Shetty refrained from providing a point-by-point rebuttal, he emphasized that Binance’s stance does not alter WazirX’s position. According to him, WazirX users remain contingent unsecured creditors, meaning they have a claim on the platform’s assets but are not guaranteed to recover their funds.
This exchange between WazirX and Binance highlights the ongoing tension between the two companies as they navigate the fallout from the July hack.
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