Singapore Court Adds New Twist to WazirX’s Ongoing Recovery Saga
- WazirX users outraged as asset recovery pushed beyond 2025 into 2026.
- Singapore Court demands deeper review before approving WazirX restructuring.
- Crypto community calls for external audits amid deepening WazirX trust crisis.
Public anger toward WazirX is building as the crypto exchange pushes a controversial restructuring plan that delays asset recovery timelines well into 2026.
Once hailed as India’s largest crypto platform, WazirX now faces intense scrutiny from users who accuse the company of locking their funds with minimal transparency or recourse.
User Frustration Mounts Over Extended Delays
The exchange is preparing to restart operations pending a ruling from Singapore’s High Court on May 13, a decision that will determine whether WazirX’s proposed restructuring and user compensation plan can proceed.
Meanwhile, users who once expected asset recoveries by mid-2025 now report receiving vague communications that push timelines into 2026. Many direct their frustration at WazirX co-founder Nischal Shetty, accusing him of misleading statements and broken promises.
“#NischalShetty lying to the WazirX users,” one viral post read, reflectin…
The post Singapore Court Adds New Twist to WazirX’s Ongoing Recovery Saga appeared first on Coin Edition.
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Singapore Court Adds New Twist to WazirX’s Ongoing Recovery Saga
- WazirX users outraged as asset recovery pushed beyond 2025 into 2026.
- Singapore Court demands deeper review before approving WazirX restructuring.
- Crypto community calls for external audits amid deepening WazirX trust crisis.
Public anger toward WazirX is building as the crypto exchange pushes a controversial restructuring plan that delays asset recovery timelines well into 2026.
Once hailed as India’s largest crypto platform, WazirX now faces intense scrutiny from users who accuse the company of locking their funds with minimal transparency or recourse.
User Frustration Mounts Over Extended Delays
The exchange is preparing to restart operations pending a ruling from Singapore’s High Court on May 13, a decision that will determine whether WazirX’s proposed restructuring and user compensation plan can proceed.
Meanwhile, users who once expected asset recoveries by mid-2025 now report receiving vague communications that push timelines into 2026. Many direct their frustration at WazirX co-founder Nischal Shetty, accusing him of misleading statements and broken promises.
“#NischalShetty lying to the WazirX users,” one viral post read, reflectin…
The post Singapore Court Adds New Twist to WazirX’s Ongoing Recovery Saga appeared first on Coin Edition.
Read More
SHIB’s Recovery Rally Now Faces Critical Test as Hackers Offload Millions in Tokens