Wazirx Founder Denies Remaining Assets Are Gone, Warns About New Fake Account Trend

Wazirx co-founder Nischal Shetty has addressed concerns about the remaining assets following the cyberattack, stating that misinformation has caused unnecessary fear by suggesting these assets are also gone. He emphasized that such claims are baseless and are made only to attract attention. He also promised to share Wazirx’s Proof of Reserves (PoR) after a new custody provider has been secured.

Wazirx Co-Founder Addresses User Concerns

Wazirx co-founder Nischal Shetty addressed concerns about the crypto exchange’s response to the July 18 cyberattack in several posts on the social media platform X Saturday. His statements come amid increasing anxiety over delayed withdrawals and unanswered questions.

Shetty responded to a request for proof of reserve (POR) of the remaining assets, acknowledging users’ concerns. He stated:

Some people have misguided/scared everyone that remaining assets are gone too. They have no basis to say it except to get more attention from you.

“We had announced some time ago that unaffected tokens are being moved to new wallets,” he stressed. “We’re also exploring new custody providers. Once we’ve completed this, we will be able to share the POR. We will do this, but we’re being careful in our approach. This process will take some time, but we will share as soon as it’s completed.”

Shetty also warned about “Another new trend to be careful about.” He explained:

If someone is supporting the prompt resolution then these fake accounts are targeting and stating they are Wazirx accounts which is not true at all.

In another post, Shetty discussed the importance of achieving a prompt resolution, cautioning against being influenced by those without a stake in the outcome who may be spreading misinformation. He noted, “Every week, we have brought more clarity,” and promised that a complete plan for a token-related solution would be presented soon, followed by AMAs to address any remaining concerns. He urged users to focus on constructive solutions, stating: “Let’s concentrate on finding solutions rather than perpetuating negativity.”

What are your thoughts on Wazirx’s response to the recent cyberattack and user concerns? Let us know in the comments section below. #Write2Earn