In a dramatic turn of events following the $230-million hack on WazirX, global crypto exchange Binance has issued a public statement accusing WazirX's team and founder, Nischal Shetty, of misleading both the market and customers about their relationship.

Binance has finally issued a statement related to WazirX’s $230-million hack. The global exchange alleged that the WazirX team and founder Nischal Shetty have been ‘misleading’ the customers and the market regarding their relationship.

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, a leading global cryptocurrency exchange, has accused WazirX and its founder Nischal Shetty of providing misleading information to their customers. This accusation comes in the wake of a recent $230 million hack on WazirX.

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 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,

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 denies any involvement in the WazirX hack, asserting it never controlled the platform or the wallet. In response to accusations stemming from a devastating $235 million cyber-attack on the Indian crypto exchange WazirX, Binance publicly refuted any responsibility on September 17.