Nischal says Binance Statement against WazirX False

WazirX co-founder Nischal Shetty responded to Binance’s September 17, 2024 public statement, which dismissed WazirX’s claims and denied liability for user losses following the ₹2,000 crore hack.

In the recent affidavit , Nischal Shetty took issue with Binance’s portrayal, arguing that the statement included cherry-picked facts that painted a misleading picture of the ongoing dispute.

In their statement, Binance has firmly denied allegations that it owned, controlled, or operated WazirX before, during, or after the July 2024 attack that led to significant user fund losses.

Shetty accuses Binance of misleading users by showing only one sides picture of the dispute.

He highlighted concerns about the confidentiality of the matters referenced in Binance’s statement, indicating that disclosing such information could jeopardize the integrity of the legal proceedings. He stated that he does not wish to engage in a detailed refutation of each point made by Binance at this time.

Shetty emphasized that Binance’s claims do not change Zettai’s position, WazirX users are considered contingent unsecured creditors. This means they have claims on the platform’s assets but are not guaranteed to get their funds back.