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,

Global cryptocurrency giant Binance has asserted that it never owned or controlled WazirX before or after the embattled Indian exchange was hacked in July that led to a security breach of more than $230 million.

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 denies ownership and control of WazirX after the $235M hack, urging the Indian exchange to compensate affected users.

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,