Recently, we reported that Nischal Shetty, CEO of the collapsed cryptocurrency exchange WazirX, is facing criticism from crypto influencers and customers regarding the lack of clarity on the company’s plans to compensate affected users. Concerns have mounted as the crypto community demands transparency about how WazirX intends to address the financial impact on its users.
Today, In response to the growing discontent, Shetty has urged customers to be cautious of divisive tactics employed by some influencers. “Please don’t fall into the trap of divide and conquer tactics,” he stated. “Remember, those who engage in such strategies often have little to lose and may not have the same stakes as you do.”
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Shetty emphasised that customers should avoid paying attention to statements from crypto influencers about WazirX’s compensation processes, particularly those not officially disclosed.
He accused crypto media websites and influencers of spreading misleading information to attract views and clicks, rather than providing accurate updates on the situation.
The CEO assured users that the company is working diligently to address the compensation issue and will provide official updates once a clear plan is in place. In the meantime, he advised the WazirX community to rely on official communications from the company rather than unofficial sources.
WazirX ($WRX) Price Action
As we know, the hack incident took place more than 30 days ago, and so far, no official date for the platform’s restructure plan or customers’ fund release has been made public. Consequently, confidence among WRX token traders has rapidly declined.
The current trade price of WRX token is $0.153, which is down -3.7% over the last 24 hours and -32% year-to-date.
Read also: Crypto Bull Run Heading Toward Next Level Amid Concerns Over New Pandemics: Mpox and EEE
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