With the positive crypto regulatory changes taking place in the US, the next 4 years is going to be the golden period for crypto.
Having a long term view of the crypto sector will help you succeed over others.
IMO, this year and next will see some significant improvements in crypto legislation globally 💪
We are so sorry that this has happened to you.
We know how challenging this situation is, and we are committed to standing by you.
Your support means everything to us. It is the foundation that will help us rebuild and create something even greater than before.
With profit sharing, DEX tokens, and relentless efforts to recover stolen assets, we are determined not just to restore what was lost but to go even beyond that.
Our mission is clear: We will work tirelessly to deliver more value to you than what was stolen. And we will not rest until this mission is complete 💪
But, we need your trust and partnership to make this mission a reality. With your support, we will Restructure, Restart, and Recover.
Hate will not help us achieve this. We’re seeking your help, we’re seeking collaboration from the community and from all the ecosystem exchanges to help bring value for everyone. Hope you help us!
Together, we’ll transform this setback into a comeback 🙏❤️
@NischalShetty Why is the rebalancing calculator amount decreasing when the coins which wazirx hold value is increasing that day … you are doing theft on it
This is the FBI’s report on the $308M DMM Bitcoin hack that happened in May 2024.
The hack was traced to a third-party wallet provider’s compromised employee system.
fbi.gov/news/press-rel…
🚨 WazirX Still Dodging Responsibility!
While other exchanges acted fast after hacks, #WazirX continues to play the blame game:
🔸 Binance (2022) - $570M hack, fully compensated users within days.
🔸 KuCoin (2020) - $280M hack, reimbursed users swiftly.
🔸 BingX (2024) - $42M hack, withdrawals resumed in 24 hours.
Meanwhile, WazirX's $230M hack leaves users with stuck funds and no answers, hiding behind ownership disputes.
Should #WazirX be even 0.01% as accountable as other exchanges?
Stop manipulating users, @NischalShetty@WazirXIndia
We announced the moratorium application filed in Singapore on 28th August.
Over 10,000 people have already supported the application!
Grateful to each and every one of our people, our tribe 🙏❤️
We will continue on our path to bringing a resolution that is time and cost efficient for our tribe.
Let’s keep moving forward towards a speedy resolution!
@cryptoady Same thing I noticed yesterday , it seems mentioning 45% loss to every one was preplanned by nischal as this 45% was quoted as soon as the theft was done within an hour … they had already included the legal charges in behore hand before announcing the hack..is this insider job
I went through the Affidavit & based on the Info, One thing that didn't make sense was that till now Wazirx has been claiming that 45% of User Crypto Funds were Hacked & 55% remain safe.
Based Affidavit, Wazirx revealed :
Total User Balance on 18th July: $570 Million
Total Crypto Stolen: $234 Million
234/570*100 = 41%
Based on this calculation - 41% of Funds were stolen & 59% were unaffected.
But Wazirx said only 55% were unaffected.
What am I Missing? Maybe their Team can Clarify.
I would request everyone to read the affidavit.
Don’t read someone else’s interpretation of it. Read it on your own. Note down questions you might have.
We will soon open a form to receive all your questions and then work on answering them.
It’s best to take an informed decision before taking a stand for or against something.
We’re here to answer all your queries, but I urge you to read the affidavit first 🙏
Went through Wazirx affidavit filed with Singapore high court.
Tbh doesn’t look good, reminds me of steps taken by vauld with few changes, Wazirx is using same advisory firm as vauld did - Kroll.
Will cover more in a video once I am done with research.