Zan

Binance responds to the dispute with WazirX's parent company Zanmai: has not acquired WazirX and does not bear any responsibility for its attacks

ChainCatcher news, Binance stated in a blog post that the WazirX platform operated by Zanmai reported that it suffered a cyber attack on July 18, 2024, resulting in user fund losses of approximately $235 million, and WazirX has been unable to fulfill customer withdrawal requests to date.Binance stated that Nischal Shetty, the main owner of Zettai, made some inaccurate statements regarding the ongoing disputes between Zettai and Binance. Shetty claimed that Binance might somehow be responsible for the losses suffered by WazirX users and creditors due to the cyber attack. Binance stated that this is incorrect, and any such claims are highly misleading. Binance stated that it has not acquired WazirX; although both parties signed a contract, the proposed transaction was never completed due to Zettai's failure to fulfill its obligations. Binance has never owned, controlled, or operated WazirX at any time, including before, during, or after the alleged hacking incident.Shetty stated that the outcome of the current dispute between Zettai and Binance could result in Binance owning WazirX, which would make Zettai's creditors creditors of Binance, meaning Binance would be responsible for WazirX users. In response, Binance believes this statement is incorrect, as Binance does not own or operate WazirX, is not a party to the agreement between WazirX and its users, does not hold any WazirX user funds, and bears no responsibility for the consequences of the cyber attack. Shetty's statements are inaccurate and misleading.

ZAN: "Customizable infrastructure full-stack services" help Web3 developers build applications quickly in a customized way

ChainCatcher news, co-hosted by ChainCatcher and ZAN (the Web3 brand under Ant Group) and Artela, held an offline communication event titled "Focusing on Web3 Infrastructure, Unlocking New Scenarios for DApp Applications" today in Nanshan District, Shenzhen. During the event, ZAN CTO Ethan delivered a speech on the topic of "Customizable Infrastructure Full-Stack Services."In his speech, ZAN CTO Ethan stated that ZAN aims to help Web3 developers quickly and securely complete application building in a low-cost, customizable, and composable manner.He explained that there are still many pain points in the current Web3 application development and product usage process, such as the high cost of building and using infrastructure, difficulties in ensuring privacy and security, and insufficient user experience.To address these pain points, ZAN has developed a full-stack Web3 solution for developers, including various product services such as nodes, data, security, custom chains, and ZK acceleration, helping Web3 developers reduce development costs and technical risks while improving building efficiency.ZAN is a Web3 brand under Ant Group, dedicated to optimizing Web3 application security and providing various foundational capabilities throughout the entire lifecycle, offering reliable, stable, secure, and customized services and products.

AntChain launches new Web3 brand Zan, providing Web3 technology solutions for the Hong Kong and overseas markets

ChainCatcher news, AntChain's new Web3 brand Zan was officially launched at the Shanghai Bund Conference. This brand provides Web3-oriented technology solutions for the Hong Kong and overseas markets, focusing particularly on security and compliance technology products. Former AntChain CTO Zhang Hui serves as the CEO of ZAN.Zhang Hui introduced that ZAN offers a rich array of technical services to compliance institutions and innovative companies in Hong Kong and overseas markets, supporting Web3 innovative businesses with full-stack secure and trustworthy technology products and comprehensive solutions, aiding in the innovation of Web3 applications and the large-scale development of the industry.It is understood that ZAN inherits the blockchain technology capabilities accumulated by AntChain over the years, relying on the open-source technology matrix AntChain TrustBase built by AntChain OpenLabs. AntChain TrustBase is based on AntChain's open-source technology system, integrating multiple technological achievements from AntChain, including the widely concerned wide-area consensus algorithm, zero-knowledge proof (ZKP), fully homomorphic encryption (FHE), and other fields.As a next-generation internet technology, Web3 has become a focal point of attention both domestically and internationally in recent years due to its disruptive transformative power for industries. Regions like Hong Kong and Singapore are vigorously embracing Web3. Earlier this year, the Hong Kong SAR government proposed the goal of making Hong Kong an international digital asset center and launched a series of policies. Subsequently, technology companies including Alibaba Cloud, Tencent Cloud, and Huawei Cloud have released Web3-related products and services aimed at the Hong Kong and overseas markets, seizing market opportunities.
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