Some new evidence shows WazirX exchange taking help from Binance for fund management and speculations are giving strong backing to this evidence. WazirX customers are calling the WazirX’s CEO a superhero.
As we know, four months ago, the crypto exchange was hacked & and nearly half of its funds were hacked, probably by the popular Korean hacking group Lazarus. Today, the WazirX team confirmed they transferred (probably traded in the market) WazirX customer’s funds to rebalance the hacked funds.
All those people who were criticising & abusing WazirX CEO Nischal Shetty for the hacking incident are now appreciating him as a superhero & saviour.
However, many people called WazirX’s fund rebalancing activity unethical & illegal, but the majority of the people appreciated this move, as it is going to compensate the customers 100%.
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Potential Binance’s involvement
However, so far, neither Binance leadership nor WazirX leadership has talked about the involvement of Binance exchange in this matter, but many people speculated that Binance is deeply engaged & soon or later, the official information will come into the public domain.
On 12 Dec, a Crypto X user reported his findings on the on-chain relationship between Binance & WazirX and provided evidence that Binance’s wallets have been used by the Wazirx team to transfer a very large amount of funds.
A WazirX customer also shared his parallel analysis along with this finding & urged the Binance CEO Richard Teng to confirm whether all this evidence is proof that Binance is there to rescue the WazirX exchange.
Read also: Rumours suggest Binance or another crypto exchange coming to rescue WazirX