On 19 Oct 2024, WazirX, the popular Indian crypto exchange that has been closed for the past 3.5 months after a major hack, shared a 1100+ page list of crypto addresses reportedly belonging to its customers as part of legal proceedings in a Singapore court. The WazirX team claimed that only addresses with non-zero balances were included, attempting to ensure transparency and show that 55% of the customers’ funds are still present in multiple wallets.
The exchange faced heavy criticism from customers, especially after a large portion of their funds were lost in the hack, which allegedly involved unauthorised access to WazirX’s cold wallets.
However, a crypto influencer on X, who represents WazirX customers, accused the exchange of misleading the public. The influencer claimed that WazirX actually holds all customer funds in a single wallet, and by sharing a long list of crypto addresses, the exchange was trying to mislead customers about the whereabouts of their funds.
#WazirX kept $235 million in 1 wallet, and saying remaining 55% spread across 240,000 wallets
-----Cryptonews AD----->>>
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
Next level hypocrisy!
— Justice for WazirX Users (@IndiasCrypto) October 17, 2024
Popular Indian crypto influencer Aditya Singh also shared his investigation into the list provided by WazirX, stating that a large number of the addresses contain zero funds. He argued that this was contrary to WazirX’s assertion that only non-zero balance addresses were included, suggesting that the exchange was attempting to manipulate public perception of its financial stability.
Singh’s video investigation provided detailed evidence showing that the exchange was potentially hiding critical information about the real status of customers’ funds. These revelations have further fueled concerns about WazirX’s transparency and its ability to refund its customers. So far, no response has come from WazirX or its leadership regarding the allegations of fake or misleading crypto addresses in the shared list.
Read also: ApeCoin Shows a Gigantic Rally of 70% in a Day Following the Launch of Crypto Bridge
WazirX Shares 2.4 Lakh Non-Zero Fund Crypto Addresses but Investigators Say They’re Lying
https://bitcoinik.com/wazirx-shares-2-4-lakh-non-zero-fund-crypto-addresses-but-investigators-say-theyre-lying/feed/
https://bitcoinik.com/wazirx-shares-2-4-lakh-non-zero-fund-crypto-addresses-but-investigators-say-theyre-lying/feed/
