๐จ Crypto Community Urges WazirX to Accept All Conditions & Hand Over Control to Binance ๐จ
Just two months ago, WazirX was a leading exchange in India. Now? Itโs struggling after a major hack hit its cold wallet. โ ๏ธ The exchange is seeking legal immunity in Singapore, aiming to shield itself from financial liabilitiesโleaving users concerned. ๐
๐ Whatโs happening?
On Sept 13, 2024, a report revealed that WazirX plans to repay users only 40-55% of their funds, spread over months (or even years). Why? The exchange claims it can't afford to offer full refunds without collapsing. This has led to outrage, with many users suggesting that WazirX is focusing on survival rather than customer welfare. ๐ธ
๐ค Whatโs the solution?
Many in the crypto community are calling on WazirX to settle with Binanceโno strings attached. They believe that if Binance fully acquires WazirX, it could restore trust and ensure 100% refunds for users. ๐
The suggestion? WazirX should prioritize its customers, even if it means taking a financial hit. This could rebuild its reputation and open doors for future opportunities.
What do you think? Should Binance take over WazirX to save the day? ๐ค
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