Exclusive Report: Coinpedia’s Fact Check Uncovers WazirX’s Alleged 55M XRP Transfers

Key Points

1. An anonymous Twitter user alleged WazirX transferred 55.25 million XRP to Binance and other wallets before a reported hack.

2. WazirX CEO Nischal Shetty clarified the transfers were regular user withdrawals and deposits, not anomalous.

3. Shetty stated WazirX does not have an account with Binance, refuting claims of direct transfers to Binance.

4. Post-hack, some assets were moved to exchanges and BitGo for safekeeping, with details shared with the court and affected parties.

5. WazirX maintains the wallet movements were routine and publicly acknowledged, with no evidence of irregularity provided.