Odaily Planet Daily News: 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 is 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 reverse transactions, he said: "I cannot disclose more details due to confidentiality obligations." He posted on X: "My first priority is to put users first, and everything else comes second. Users are advised to 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." Shetty also clarified that the remaining 33% of the balance is still inaccessible to users due to a "large-scale INR freeze." He also said that the timeline for cryptocurrency withdrawals is still unclear. Shetty explained that the asset freeze affected a portion of the exchange's funds, and this problem also extends to other Indian cryptocurrency exchanges. (CryptoSlate) Earlier news, WazirX posted on X that the first phase of INR withdrawal (Phase 1) has been launched. All eligible users can withdraw up to half of their INR balance's available limit of 66%.