{"id":93632,"date":"2024-09-17T11:04:39","date_gmt":"2024-09-17T15:04:39","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=93632"},"modified":"2024-09-17T11:06:10","modified_gmt":"2024-09-17T15:06:10","slug":"binance-address-wazirx-liminal-custodyblamegame","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-address-wazirx-liminal-custodyblamegame\/","title":{"rendered":"Binance Addresses WazirX-Liminal Custody Blame Game"},"content":{"rendered":"\n

In light of the $233M exploitation attack on the platform, Binance recently denied any ties to the Indian crypto\u00a0exchange WazirX.<\/a><\/p>\n\n\n\n

\"Binance<\/figure>\n\n\n\n

In a surprising move, crypto exchange giant Binance denied any association with WazirX, Zanmai, or Zettai after user funds were stolen from the Indian exchange. <\/p>\n\n\n\n

Binance firmly stated that WazirX must take responsibility for the stolen funds, clarifying that the global exchange had no involvement with the platform before or after the attack. <\/p>\n\n\n\n

Meanwhile, WazirX, led by Nischal Shetty, is under scrutiny as it proceeds with a 66%-34% plan to return users' funds.<\/p>\n\n\n\n

Binance Urges WazirX to Take Responsibility for Stolen Funds<\/strong><\/h2>\n\n\n\n

In an official statement\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> on September 17, Binance rejected any connections to WazirX despite its ongoing dispute with Zettai. <\/p>\n\n\n\n

Binance asserted that it had no “responsibility for the operation of the WazirX platform and the consequences of the alleged hack.”<\/p>\n\n\n\n

The statement also addressed claims made by Shetty, who mentioned the Zettai-Binance dispute after the attack. <\/p>\n\n\n\n

Binance refuted this, calling the suggestion “outrageously misleading,” and emphasized that it had no role in the incident.<\/p>\n\n\n\n

The global exchange reiterated its “zero involvement” in the $233 million hack, stating it never took ownership or control of WazirX “before, during, or after the alleged hack.” <\/p>\n\n\n\n

Additionally, Binance revealed it does not hold any funds belonging to WazirX users. <\/p>\n\n\n\n

The statement concluded, “The statements made by Mr. Shetty are inaccurate and misleading.”<\/p>\n\n\n\n

This incident has triggered widespread discussion in the Indian crypto community, with users concerned about the retrieval of their funds. <\/p>\n\n\n\n

While 66% of withdrawals are being processed, 34% of funds remain stuck on the platform.<\/p>\n\n\n\n

A Recap of the WazirX Hack<\/strong><\/h2>\n\n\n\n

In July, WazirX experienced a security breach<\/a> involving a compromised multisignature wallet with six signatories\u2014five from WazirX and one from Liminal, a third-party custody provider. <\/p>\n\n\n\n

WazirX has denied any internal vulnerabilities that may have led to the hack, though investigations are ongoing.<\/p>\n\n\n\n

Binance also clarified that it was not involved in managing the compromised wallet. <\/p>\n\n\n\n

Meanwhile, attention has shifted to the hacker, who recently moved 10,000 ETH through Tornado Cash, sparking global discussions in the crypto community.<\/p>\n","protected":false},"excerpt":{"rendered":"

In light of the $233M exploitation attack on the platform, Binance recently denied any ties to the Indian crypto\u00a0exchange WazirX. In a surprising move, crypto exchange giant Binance denied any association with WazirX, Zanmai, or Zettai after user funds were stolen from the Indian exchange. Binance firmly stated that WazirX must take responsibility for the […]<\/p>\n","protected":false},"author":56,"featured_media":93635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[326,21061],"class_list":["post-93632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-wazirx-hack"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/Binance-Addresses-WazirX-Liminal-Custody-Blame-Game.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/93632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=93632"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/93632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/93635"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=93632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=93632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=93632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}