A current put up by an nameless Twitter consumer @TOOFAANARMY alleges that WazirX, one among India’s prime crypto exchanges, transferred over 55.25 million XRP (valued at approx ₹1,500 crore) to Binance and different wallets between February 2023 and July 2024, simply earlier than the alleged ₹2,000 crore hack.
The tweet claims the XRP originated from a pockets tagged rPPbi1iNXmvY9HmJ9sH9g4gxvgVEfN4NaZ, sparking fears of insider foul play or hidden exercise.
The consumer implies that these huge pre-hack transfers had been suspicious and probably linked to the aftermath of the WazirX exploit.
Coinpedia’s Truth Test: WazirX CEO Responds
To confirm the claims, Coinpedia reached out to WazirX CEO Nischal Shetty, who provided the next clarification:
Person Exercise, Not Anomalous Transfers
In accordance with Shetty, the XRP transfers had been a part of common consumer withdrawals and deposits. Customers sometimes transfer their funds to exchanges the place they’ve accounts, and such actions are normal in crypto alternate operations.
Chilly Pockets Consolidation Was Ongoing
He acknowledged that WazirX has lengthy adopted a apply of consolidating tokens into chilly wallets for safety, and this exercise wasn’t new or uncommon. The pockets in query had been publicly listed on WazirX’s Proof of Reserves web page when the platform was lively.
Put up-Hack Actions Disclosed
Put up-incident, some belongings had been moved to some exchanges and BitGo for safekeeping. These had been disclosed, and token balances had been independently assessed and shared with the court docket and all affected events.
No Direct Binance Transfers Confirmed
Addressing the particular level about Binance, Shetty acknowledged
“We don’t have an account with Binance, so we’d not be sending tokens there. If there’s a particular on-chain transaction, we’re glad to confirm it.”
Conclusion
At this stage, the pockets actions in query have been publicly acknowledged by WazirX, and the alternate maintains they had been routine and clear. The declare stays unverified, and no direct on-chain proof has been offered to determine any irregularity.
