News Scrap

WazirX CEO Nischal Shetty said that people are not leaving him from any side, whether he remains calm or responsive over the questions related to WazirX restructure process.

Just a couple of days ago, WazirX, a popular crypto exchange that is currently struggling, stated that WazirX leadership is going to file the exchange’s restructuring plan in the next few days with the Singapore Court for permission to convene a meeting of creditors to present the Company’s proposed scheme of Arrangement for voting.

📢 Update on Scheme Filing

We are set to file by the end of this week an application with the Singapore Court for permission to convene a meeting of creditors to present the Company’s proposed Scheme of Arrangement for voting. This marks a key step in helping Scheme Creditors… pic.twitter.com/eN7o3RKeHn

— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) December 5, 2024

Nischal Shetty, the CEO of WazirX exchange, confirmed that the exchange’s scheme application has been filed in court & this was the most important step to move toward putting the proposal on vote support from WazirX customers.

Yesterday, we filed an application in the Singapore court to convene a meeting of creditors. It’s a critical step in moving forward with the scheme. This brings us closer to putting the proposal to a vote.

Next week, we will share the scheme documents with you, providing details…

— Nischal (Shardeum) 🔼 (@NischalShetty) December 7, 2024

Today Nischal also said that people are using his tweets against him. He noted that people criticise him for tweeting in response to questions & also he is facing the same for keeping calm.

When I don’t tweet I’m accused of running away (though I was heads down working on affidavit submission with team, which we submitted yesterday)

When I tweet, I’m accused of PR.

Same way, after incident we had asked about distributing remaining balances asap and then working on… https://t.co/YZ2l3qd4XW

— Nischal (Shardeum) 🔼 (@NischalShetty) December 7, 2024

In response to a Crypto X user, Nischal said that some people are spreading false news regarding the WazirX crypto exchange & those people do not want to see WazirX in any better situation.

WazirX customers to protest against WazirX

A crypto X user confirmed that soon he would go to India Gate, New Delhi, with his 10 friends to protest against the WazirX crypto exchange.
This X user invited people to join the protest if they’re victims & want to raise their voices against WazirX.

We are more then 10 friends, planning for a protest against #WazirX at INDIA GATE (New Delhi) very soon. if you are a #WazirX victim and if you wanted to support us please join us i’ll let you know Date and Time soon.

Let’s raise the voice together against #WazirX scam.…

— Gaurav Chaudhary (@asligc) December 5, 2024

So far, more than 4 months have passed since the cyber incident WazirX exchange faced, but still, no proper plan has come to the public domain that can secure full support from the WazirX customers smoothly.