Nischal Shetty confirms the Binance ownership conflict has moved to court, while also disputing custodian blame for a $230M hack in 2024.
WazirX founder Nischal Shetty stated that the long-running ownership dispute with Binance has escalated to formal litigation, stemming from Binance's 2019 acquisition announcement, which Binance denies. Shetty also addressed a separate dispute with custodian Liminal regarding WazirX's 2024 hack that resulted in losses exceeding $230 million, with Liminal publicly rejecting responsibility. This development follows WazirX's operational recovery after a Singapore court-approved restructuring.