45% of ERC tokens were stolen, then why 45% of BTC is being taken? WazirX cannot fiddle with user's personal funds. This would destroy any trust the brand has and cause everyone to flee to better platforms.
If WazirX is interested in maintaining this brand for the long term, the correct way to recover the lost $230mn is freeze 45% of ERC tokens and make a plan for recovery - through trading fees, new tokens, merch, donations etc. This $230mn has to come from WazirX's operating budget, even if it takes a few years of operating loss to reach the amount. With a bull run around the corner, WazirX should be encouraging trading activity and volume to recover the funds sooner.
Do not make the mistake of freezing Non-ERC tokens. WazirX might be liable for a class action lawsuit. #NoHaircut
Crypto is not regulated in India. There are no said rules laid down in events like this. So no lawsuits whatsoever on the funds distribution. The only possible litigation could be on the topic of waxirx swindling user funds. Nothing else. Please note that there is absolutely zero loss for Nischal in this. His assets and properties are absolutely safe in Dubai.
Because of this exchanges following such exit strategy..so we should avoid using indian exchanges in future
You know what? I came here to help my friend. I was stunned to see so many people here still using Indian exchanges. And most of them are North Indians as I see everything in Hindi. Feeling so sorry for you all.
🟢 hi! If you need help related to the WazirX app or website, kindly visit our Support section, and you'll find relevant articles. 🗞️ 🟡 If you still face any issues, WazirX Chat Support is available 24*7 on the bottom right corner of the support page. 🙋 🔴 Official support is not provided on Telegram. In case, someone sends you a PM first, report and block them. 💯 🚨Note:🚨 WazirX have no direct email ID for resolving the issues. Please use chat option only.
But WazirX operations in India can be halted and they can be banned for ever from operating in India.
They will move it over to Malta or some other country. Indians will still buy in these exchanges and pay tds 😄
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