Nearly a yr has handed since considered one of India's greatest cryptographic failures blinded customers. The two,000 crore Wajirux hack has shaken the ecosystem, however the silence from founder Nishkar Shetty is bigger than any response. Now a recent twist has rekindled the general public's rage, a secret switch of possession after the violation.
However is the rip-off king @nischalshetty nonetheless out of your attain? He ruined thousands and thousands of households and there was no motion from you.
– Wazirx Customers Justice (@wazirxusers) June 26, 2025
A quiet exit the place nobody comes
In line with a brand new revelation, on August 13, 2024, weeks after the large hack, Nischal Shetty transferred 100% possession of Shinjuku FZC LLC, an organization related to Wajirux registered within the UAE to his spouse, Moujhari Guha. There was no public announcement, no consumer updates, no phrase to regulators. Shetty lowered the inventory to 0.00%, however customers had been nonetheless engaged on the lack of funds.
The switch was quietly filed and made public on Gulf time on August 14th, the day after the possession modified. The transfer got here at a second when customers had been determined for management, solutions and safety, as an alternative their founders had been signing off and strolling.
Singapore courts reveal extra lies
A Singapore courtroom has added gasoline to the hearth to substantiate the Zettai Pte. Ltd., Wazirx's Singapore division, really holds consumer property, which contradicts Wazirx's long-standing claims. Decide Kristy Tan's ruling stated the platform misunderstood customers and intentionally delayed transparency in the course of the disaster.
Nischal strikes whereas the consumer waits
Because the consumer's funds stay locked with no resolution in sight, Nischal Shetty lives in Dubai, has been touched by investigation and is actively engaged on his new enterprise, Shardeum.
Launched in April, Shardeum promised a low fuel price and a scalable sensible contract, however then crashed practically 77% from its peak, inflicting a recent backlash. Regardless of working with MEXC to advertise the “SHM Get together” marketing campaign, he doesn’t present accountability for Wazirx Mess.
There isn’t any response, no refunds, no justice, and the endurance of the group is diminishing. As a result of all the brand new particulars be certain the particular person in cost is already on the way in which.
