Will CZ and Binance Save WazirX Users Amid Fund Freeze Allegations?

The post Will CZ and Binance Save WazirX Users Amid Fund Freeze Allegations? appeared first on Coinpedia Fintech News

The ongoing issue between WazirX and Binance escalated further when the user said that they lost money in the WazirX hack and tagged Binance’s co-founder and former CEO in his tweet. In tears, the user posted and said this: “Time has proven that you were right. All funds gone.” 

CZ said, “Sorry to hear about what happened.” That happened when I was in a US prison,” proving that he was aloof from managing WazirX during the time in question.

Sorry to hear about what happened. I was in a US prison when that happened.

I was as explicit as I could be before: https://t.co/G6tQOTJn8Y

— CZ BNB (@cz_binance) December 2, 2024

So users who received CZ’s 2022 tweet urging WazirX customers to transfer their funds to Binance can attest to this statement. Simple as that.” During that time, he went on to explain that Binance could easily suspend WazirX wallets but did not because of the users they supported. It will explain why the current problems make CZ’s earlier predictions much clearer.

Misconduct Claims and Explanations

Over the past few months, the Indian YouTuber Cryptooady who has been fighting and advocating for the victims of the $230 million hack turned to CZ in a tweet. He said that according to Shetty,  Binance has locked $17 million of user funds becoming illiquid. Cryptooady also urged that more explanation is needed on the issue, he wrote, “That will really help if you or Binance can clarify more on this.”

Community Responses and Unanswered Questions

The situation has raised questions among users about whether Binance may help WazirX clients. On the one hand, CZ’s responses present Binance’s customer-oriented approach, on the other hand, the absence of continued action to unfreeze the funds remains problematic for many people.