In the wake of the recent $235 million hack, WazirX co-founder and CEO Nischal Shetty has clarified growing concerns about the exchange's operations and ownership.
Responding to questions on social media, Mr. Shetty revealed that he was still "operating the exchange on behalf of [the owners] until the dispute is resolved". Asked for details on how the deal was managed and how the exchange might undo it, he said: "I cannot disclose further details due to confidentiality obligations."
"My priority is to put users first and everything else second. Users are advised to withdraw their INRs now and not leave them on the platform. You can re-deposit these funds at any time depending on the outcome of the restructuring process," he wrote on XX.
WazirX CEO: Still operating the exchange on behalf of the owner, advises users to withdraw INR as soon as possible
2024-08-28 00:45:43
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