After five days, the WazirX CEO addressed the current phase of efforts following the WazirX hacking incident and urged people to ignore the negativity surrounding WazirX.
As we know, the popular Indian crypto exchange WazirX was hacked 2.5 months ago, during which the exchange lost $235 million worth of cryptocurrencies. To gain sufficient time to arrive at a better decision, the WazirX exchange secured regulatory approval for its Moratorium application.
After four days of calm, WazirX CEO Nischal Shetty discussed the current status of WazirX’s leadership efforts regarding the hack and confirmed that his team has been working towards a better plan to compensate customers and bring services back online.
Mr. Shetty asked all WazirX customers to ignore any negative messages or misinformation about WazirX’s plans. Furthermore, he assured customers that the WazirX team would soon reach a solution to restore normalcy.
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On the other hand, many people—mostly critics of the WazirX exchange—argued that if WazirX is working on the issue, why hasn’t it reached a satisfactory decision yet, and why are they delaying?
A crypto X user, who is dedicated to representing WazirX customers after the hacking incident, claimed that the founders and co-founders of different Indian crypto exchanges are all connected. The user suggested that all Indian crypto exchanges are unsafe for storing funds and trading cryptocurrencies.
On the same day, this crypto X user urged Binance to intervene in favour of WazirX customers, arguing that Binance played a key role in making the WazirX platform popular. The user claimed that Binance’s involvement indirectly enhanced WazirX’s reputation, which in turn attracted Indian crypto investors to the platform.