On August 28, after the recent $235 million hack, WazirX co-founder and CEO Nischal Shetty clarified the growing concerns about the exchange's operations and ownership. In response to questions on social media, Shetty revealed that he was still "operating the exchange on behalf of (the owner) until the dispute is resolved." When asked about the details of how transactions are managed and how the exchange may revoke transactions, he said: "Due to confidentiality obligations, I cannot disclose more details." He posted on X: "My first priority is to put users first, and everything else comes second. It is recommended that users withdraw INR now and do not leave them on the platform. You can re-deposit these funds at any time depending on the results of the reorganization process."