An Indian crypto influencer claimed that Nischal Shetty lied to WazirX customers about details related to the hacking incident, allegedly to gain $10.8 million.
As we know, two months ago, the popular Indian crypto exchange WazirX faced a hacking incident, losing $235 million worth of cryptocurrencies, nearly 50% of customer funds. So far, no restructuring or proper compensation plan has been provided by WazirX leadership regarding the matter.
On 24 Sep 2024, popular Indian crypto influencer Aditya Singh took to X (formerly Twitter) and explained how the WazirX leadership allegedly provided misleading details about the hack, allowing them to pocket $10.8 million.
Well, we donât know but in the 2nd Wazirx Townhall, Wazirx & Kroll team cleverly shared data showing the gap in assets vs liabilities. Mentioning Gap of $244.8 Million.Now if you calculate with these numbers244.8/546.5*100 = 44.79%Hacked percentage comes to 44.79% pic.twitter.com/waitRl2qzc
â Aditya Singh (@CryptooAdy) September 24, 2024
A Crypto X account, dedicated to representing WazirX customers affected by the hack, shared a tweet on this issue, directly claiming that WazirX CEO Nischal Shetty is living happily with this lie.
Mr Nischal after keeping 3% of 4500cr#WazirX lied about hacked %, it was 42% instead of 45%Source- @CryptooAdy pic.twitter.com/z3uELYX2VM
â Justice for WazirX Users (@IndiasCrypto) September 24, 2024
In response, another crypto X user compared WazirX CEO to Sam Bankman-Fried (SBF), the co-founder and former CEO of the collapsed crypto exchange FTX, who is currently in jail.
He is indian SBF now
â amit_rajđžđș (@amitraj244416) September 24, 2024
However, the majority of responses to this investigation by the independent investigator have caused more heat among WazirX customers. Many are stressed and have resorted to using abusive and harsh words against WazirX leadership. But our readers should note that multiple investigations have already been conducted regarding the WazirX hacking incident, the related details, and the officially reported Proof-of-Reserve (PoR). Some public crypto addresses were not disclosed in the PoR for legitimate reasons, so people should not assume that WazirX is lying about the funds theyâre holding or lost.
There are some chances that the data mismatch is due to these details, or there may be other reasons.
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