INSUBCONTINENT EXCLUSIVE:
Binance | Source: Bloomberg3 min read Last Updated : Sep 19 2024 | 5:39 PM IST
Global crypto giant Binance has distanced itself from any
liabilities originating from a cyber attack on embattled crypto exchange firm WazirX, weeks after another wallet service provider, Liminal
Custody, also levelled the blame for the breach on the homegrown crypto exchange.
In a blog, Binance clarified that the company does not
own or operate WazirX in the country, adding that there was no legal basis for the firm to be liable for claims made against the embattled
platform said.
Zettai operates the crypto exchange WazirX in India.
In July, a security breach at the company resulted in the theft of
However, it later stated that the acquisition was limited to an agreement to purchase some assets and intellectual property of
Binance has clarified that it does not provide any services on the WazirX platform, adding that the document was incorrect and
references to Binance be removed from the WazirX user agreement
executive officer of WazirX.
Subsequently, the global crypto company has stated that it would not bear any responsibility for the
consequences of the cyber attack
Zettai selected custody solutions provider Liminal to hold these assets
wallet service provider, Liminal Custody, for the cyber attack.
Liminal Custody had clarified that its systems were not compromised after
the cyber attack was first detected.First Published: Sep 19 2024 | 5:39 PMIST
