3 weeks ago
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Nischal Shetty finally addressed the main issue he is facing and indirectly pointed fingers at the world’s top crypto exchange, Binance, as a major player in this situation.
As we know, a month ago WazirX exchange faced a cyber attack and lost $230 million worth of cryptocurrencies. Since then, the exchange suspended all of its services, trading, and fund withdrawals.
So far, no clear dates have been announced publicly about the platform’s restructuring or revival plan. Although they have launched the INR money withdrawal plan partially, customers are asking about their crypto funds lost in the incident.
📢 INR Withdrawals Phase 1 Now Live
All eligible users can withdraw up to half of the available 66% limit of their INR balances.
We have also reduced withdrawal fees by 60% – from INR 25 to INR 10 to make this process easier for you. Thank you for your continued patience and… pic.twitter.com/SmIlWZJhwj
On August 26, a Crypto X user asked WazirX CEO Nischal Shetty why he is not selling some stakes in the WazirX platform to raise funds and compensate the customers who lost money in the recent hack incident.
In response, WazirX CEO said that he is not the owner of the WazirX platform because WazirX was sold in 2019, and currently, he can only do what he is doing. Furthermore, he said that he is bound by legal boundaries, so he can’t talk about the actual owners of WazirX, but he indirectly hinted that Binance is the owner of WazirX, stating that all information is available online.
I understand your concerns, but unfortunately, I cannot sell something I do not own.
If I had ownership, I would have gone to any length.
However, since I sold the platform back in 2019, this is no longer under my control.
That said, I am committed to doing everything within… https://t.co/tqAfZeH60I
Another Crypto X user asked if Nischal Shetty is not the owner of WazirX, why he is taking all the responsibility for the WazirX platform, and why the actual owners are not stepping forward. In response, Nischal said that he doesn’t want to see benefits for himself on both sides because it will ultimately result in a loss for WazirX customers. He further added that the actual owners are enjoying this moment by sitting in their palaces. Nischal stated that he is committed to truth and honesty, despite being misled by other big players, and in the end, truth will prevail.
Agar dono side sirf apna faayda dekhenge toh takleef logo ko hogi. Bass yahi kaaran se hum yahaan hai aur parwaah na karne wale kahin aur apne mahal mein.
Parr anth mein jeet sachchai ki hogi. Abhi takleef mein hain, parr kabhi na kabhi sach sabke saamne aayega. Sach ko dabaa…
In response, some crypto influencers alleged that the WazirX CEO is running a new agenda, claiming he is not the owner of WazirX and doing everything to help customers to gain sympathy from the crypto community.
Wazirx seems to working on new agenda.
Hum Owner nahi hai Phir bhi dekho apke liye Kitna kuch kar rahe hai. 🤦♂️
English (US) · 