India based crypto para Nischal Shetty, co-founder of exchange WazirX, revealed that the company is exploring all possible avenues to recover funds following a major security breach earlier this month.
Shetty stated that reaching out to various exchanges will be crucial in overcoming the current crisis.
WazirX has been effectively closed since July 18, when the exchange stopped trading and withdrawals after it was hacked for $230 million. In his first interview since the incident, Shetty expressed hope that other industry representatives would help reduce losses suffered by customers.
Recently, WazirX faced criticism from both industry peers and customers over a survey seeking feedback on next steps, which the exchange explained was not legally binding. The company also had a dispute with its custody provider Liminal over the source of the security breach, which has increased uncertainty about when the exchange will resume operations.
Shetty declined to comment in detail on various issues, citing legal and privacy concerns. When asked if a potential takeover by another company was being considered, he did not confirm or deny the possibility.
“We have reached out to several partners and exchanges for assistance,” Shetty said, but did not disclose whether Binance was among those contacted, citing confidentiality agreements.
The relationship between Binance and WazirX has been fraught with tension since August 2022, when Binance CEO Changpeng Zhao openly claimed that Binance does not control WazirX.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/230-milyon-dolarlik-hack-saldirisina-ugrayan-kripto-para-borsasinin-ceosu-ilk-kez-konustu/
