Many people noted that the WazirX team extended the fund release date by 10 days without informing the customers.
WazirX was a popular crypto trading platform in the Indian crypto market, but unfortunately, four months ago, the exchange’s cold wallet was hacked by an unknown hacker. That hacker successfully drained nearly $250 million worth of crypto assets from the wallet. The hacker successfully laundered all the funds via the Ethereum crypto mixing platform Tornado Cash.
As we already reported, the WazirX team scheduled the most expected fund release date to the customer on 4 Feb 2025.
But a Crypto X user, dedicated to representing the WazirX customers against the WazirX hack incident, noted that the WazirX team silently changed the date to 14th Feb 2025. This means the most expected date is now extended by a net of 10 days.
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Crypto X users raised questions about the WazirX leadership’s promise, as they called many times to maintain transparency in any kind of development related to the WazirX platform & its customers.
Indian Crypto influencers are also criticising WazirX CEO Nischal Shetty over the promotion of his other crypto projects Pi42 exchange & Shardeum blockchain.
Crypto bull run & WazirX customer’s pain
As we know, the crypto bull run comes every 4 years, but unfortunately, this bull run is not going to bring any kind of profit or joy for the WazirX customers, as the WazirX leadership decided to freeze the customer’s funds. Even they are not ready to release 50% of the customer’s funds, which are remaining in the wallet after the hack incident.
All these things are only spreading very bad hope & bad disappointment among the WazirX customers. On the other hand, Nischal Shetty many times claimed that he chose only the best possible path to bring the WazirX platform on track & compensate users.
In the last town hall meeting, WazirX leadership proposed the idea of launching a new decentralised crypto exchange and launching a new token to generate rapid profit to compensate the customers.
Very disappointing! WazirX silently increases the fund release date by 10 days
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