In early July, WazirX announced that it had been hacked and that around $235 million worth of users’ digital assets had been stolen. On September 2, Zanmai Pvt, the registered owner of the WazirX platform, conducted briefing, where she stated that WazirX is in a catastrophic financial situation, and its clients have virtually no chance of getting back their stolen crypto assets.
Zanmai cited Binance’s reluctance to acknowledge its actual ownership and management of WazirX as one of the reasons preventing compensation payments. Zanmai believes that Binance has subsidiary liability to WazirX users and should compensate for the losses incurred.
Binance responded by calling on WazirX and Zanmai to take responsibility for users and compensate for funds lost under the management of these companies.
“The desire to shift the blame to Binance for the hack of the WazirX platform and the theft of user assets is a disappointing evasion tactic aimed at distracting public attention from the problems of the WazirX team. Binance does not bear responsibility for the operation of WazirX and the consequences of the hack,” Binance said.
Previously the analytical platform Cyvers reportedthat the hacker who allegedly hacked the Indian cryptocurrency exchange WazirX has begun actively laundering the stolen funds through the cryptocurrency mixer Tornado Cash.
Source: Bits

I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.