77% of WazirX Customers Say They Won’t Return on WazirX Platform Even If Exchange Restores 55% of...
A survey revealed that the majority of WazirX customers are unwilling to return to the platform even if services resume and funds are partially restored in the best-case scenario.
WazirX, once a leading crypto exchange in India, has been out of operation since a hack four months ago that led to the suspension of its services and the loss of a significant portion of customers’ funds.
On November 2, 2024, a popular Indian crypto influencer conducted a Twitter poll to gauge customer sentiment. The poll asked WazirX users if they would consider using the exchange again if the platform refunded 55% of the lost funds. The results showed that 77% voted “No,” 15% said “Yes,” and 8% responded with “I don’t know.”
77% #WazirX customers will never WazirX exchange pic.twitter.com/fVY2Hs1MNR
— Bitcoinik (@Bitcoinikdotcom) November 3, 2024
One Crypto X user, advocating for WazirX customers, questioned who among the 15% still had confidence in WazirX’s leadership and would be open to using the platform again.
Who are these 15% of users? pic.twitter.com/OeMuyhqdx8
— Justice for WazirX Users (@IndiasCrypto) November 3, 2024
WazirX Moratorium and Slow Progress
The situation remains unclear for WazirX customers, with the exchange securing a four-month moratorium to rebuild and potentially offer better compensation. However, one month has already passed, leaving three months to establish a resolution plan.
In a recent shared restructuring timeline, WazirX CEO Nischal Shetty announced that fund returns to customers could take until at least February 2025.
Some crypto influencers have raised concerns about the slow progress, further questioning WazirX’s intentions regarding customer funds.
4 mahine ka moratorium time mila. 1 Mahina nikal gya. Based on timeline it seems Feb-June 2025 Tak minimum kechne ka vichar hai. Why is wazirx moving so slow with everything.
— Aditya Singh (@CryptooAdy) November 2, 2024
Read also: BitMEX Co-Founder Praises Solana ($SOL) as “High Beta Bitcoin” Ahead of the US Election
The #fedinterest rates have been lowered by 50 BPS and this has actually kick-started the #AltSeason .If you have not been able to invest in any crypto, well here are a few #Altcoins👀🚀 that have not moved much or are about to start making a move towards the upside. 1) ARWEAVE 2) RUNE 3) INJECTIVE 4) PENDLE 5) UNI Please put an equal amount in these 5 #cryptocurrencies Hold them for at least 12-14 months or till you get your desired gains which is at least 5X & above.
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* Proof-of-Access: The network uses a unique consensus mechanism to incentivize data storage.
How it Works:
To maintain the network, Arweave uses its native cryptocurrency, AR. Users pay a one-time fee in AR to store data permanently. Miners are then incentivized to store this data by earning rewards in AR. Essentially, #Arweave aims to create a foundation for a truly permanent internet, where information can be preserved for future generations.
#BTC☀ CROSSES $61k Seems the worst is over. It might be a good idea to start putting money every day for the remaining days of this month. This DCA strategy will safeguard you from the volatility that comes along the way. Coins to DCA 1) Btc 2) Eth 3) Sol 4) Ftm 5) Rune
Sonic upgrade: Ftm is undergoing Sonic upgrade which will increase its throughput on a chain that was already lightning-fast. We are talking an expected speed of over 2,000 transactions per second and single-second finality.
Fantom loves bull markets:
If you were present in the last bull run, you must have seen how well $FTM had performed. When the altcoin run starts and the previous retail comes, they are gonna pour into Ftm knowing the amount of work going behind the scenes.
Fantom Founder Andre Cronje is one of the smartest people in the space of Defi/ Blockchain.
Right now $FTM is trading around 43-44 cents.. Good time to add some $FTM in your long term bag.
This may be the last opportunity to buy the dip before the crypto market goes on a parabolic run. You should diversify your portfolio in these narratives :
"What to do. I'm scared to buy in the current market 😨 Everything is falling". Or "I feel sorry to fix profits in a growing market!". I am not often approached with such questions, but the topic is relevant for each of us. Why does it happen like this and how to use it for your benefit? ❗️ First of all, you are not alone. The market is experiencing the same emotions. This is what pushes prices in one direction or the other. People get greedy when the market goes up - this leads to #FOMO . Also, people often sell their coins in an irrational reaction to red asset numbers. A more complex formula takes everything into account - the "fear and greed" index. The #fearandgreedindex is designed to relieve users of emotional stress. It analyzes the current market mood, which is represented as a simple number from 0 (extreme fear) to 100 (extreme greed). - Extreme fear - caused by a persistent and severe market decline. Can be a sign that #investors are overly concerned. And as we know, when everyone is scared, it's a good opportunity to buy an asset. - Extreme greed - caused by a persistent and strong market rise, and the index indicates a necessary correction. Hence, when everyone is greedy all around, it is a good time to sell. Use this index correctly and do not give in to emotions! #EthereumETFApprovalExpectations
TIME to DCA some quality altcoins . If you haven't built a crypto portfolio then here is the blueprint. Invest 40% in bluechip. 40% in mid cap. 20% in low cap.
1) $BTC 2) $ETH 3) $BNB 4) Link 5) Ftm 6) Sol 7) Super 8) Beam 9) Coti 10) Wif
#bullrun2024📈📈 The altcoin rally is coming soon. if history repeats itself, then we are gonna see an #altsesaon from September end/October. Remember , $ETH etf trading has not started yet. Be patient . Keep filling top altcoin bags.
If you have not invested in crypto currency yet or are new to this space, then following 10 coins are a must at the current prices.
1 $ETH large cap 2) $AVAX large cap 3) $SUPER mid cap 4) $beam mid cap 5) $link large cap 6) #Verasity low cap 7) #shrapnel low cap 8) #honeyland low cap 9) #altura low cap 10) $aevo low cap
It's a day to reflect on how far #bitcoin has come, to learn from its history, and to look ahead at the potential it still holds. Every year on May 22nd, the #cryptocurrency community celebrates Bitcoin Pizza Day, a day that marks a pivotal, albeit quirky, moment in the history of digital currency. What began as a simple transaction for two pizzas worth 10,000 Bitcoin has become a legendary tale, symbolising the evolution of Bitcoin from a niche technology to a global phenomenon. Back in 2010,