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WazirX has announced that users will receive all the remaining funds starting July 18, 2024. However, many WazirX customers noted that the company might be trying to keep some of its decisions hidden, potentially indicating a negative outcome for customers.
In the latest town hall discussion, WazirX leadership confirmed that they would distribute customer funds from July 18, 2024. They also stated that they would not keep the gains from cryptocurrencies due to the market pump. In short, the money will go to WazirX customers only.
WazirX has announced that users will receive all the remaining funds from July 18th 2024.
WazirX will not keep any gains from bull run.
This is a big relief.
Later, some WazirX users noted that the WazirX team made the video private on the X platform.
You can't see WazirX today's townhall video on youtube where they announced that users would keep the bull run gains, not them, after we posted on X.
Did anyone download it for proof?
However, a Crypto X user successfully managed to retrieve an important portion of the video where they discussed this matter.
This Crypto X user suggested that WazirX might never allow crypto withdrawals, as it could lead to the platform’s downfall. They explained that if WazirX allowed users to sell their Bitcoin after a restructuring plan, a mass sell-off could crash the price on the platform, even if global prices remained high. As a result, many users would hold onto their BTC to avoid selling at a loss, effectively keeping users tied to the platform until prices stabilise.
WazirX will never allow crypto withdrawals else WazirX will die. And here's why we won’t be leaving WazirX anytime soon.
Imagine WazirX gives us our BTC back after a restructuring plan, but still doesn’t allow crypto withdrawals. What’s the first thing we’d all do? We’d try to…
These issues are creating significant concerns among WazirX customers. On one hand, customers are happy with the decisions regarding fund payouts, but on the other hand, WazirX leadership is treating these decisions cautiously. In short, there seems to be some conflict or lack of communication, or perhaps these statements were made to garner customer support only.
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