WazirX CEO Defends Integrity, Cites 2-12 months-Previous Tweet To Justify Helplessness Amid Ongoing Disaster – Bitcoinik
Nischal Shetty quoted a tweet to supply proof explaining why he’s at the moment unable to compensate clients who suffered losses because of the hacking incident.
As we all know, the favored Indian crypto trade’s chilly pockets was compromised two months in the past by an unknown hacker. The WazirX management has filed a legal case towards the hacker in a court docket in Singapore, because the backend firm belongs to Singapore. Moreover, one other case is ongoing towards Binance over the dispute between each crypto exchanges concerning the precise possession of WazirX.
Since final month, a number of crypto influencers have expressed intense frustration with WazirX CEO Nischal Shetty, because the WazirX management has struggled to discover a good resolution. As per many consultants’ opinions, the restructuring plan for the trade is not going to happen till the Binance vs. WazirX case is resolved.
A Crypto X consumer shared a screenshot of a 2-year-old tweet trade between WazirX CEO Nischal and a crypto influencer, the place Nischal confirmed that every one forms of income go to Binance crypto trade.
Nischal quoted this tweet and said that he has by no means lied to clients and at all times speaks the reality.
With this assertion, Nischal not directly tried to clarify that every one the income generated by the WazirX crypto enterprise went to Binance, and that is the primary cause why WazirX management is unable to implement an answer that requires important monetary sources.
Beforehand, many crypto influencers questioned why the WazirX management was not utilizing the cash generated by WazirX. Now, Nischal’s response presents a probable reply to these questions. Will probably be fascinating to see how lengthy it takes for the WazirX vs. Binance dispute to be resolved.
Lately, some folks throughout the X platform instructed that the WazirX management hand over full management of WazirX to the Binance workforce by accepting all of the circumstances.
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