WazirX

<p>A distressed victim of WazirX Hack, India’s biggest crypto hack case amounting to Rs 2000 crore, has posted a video of his father being admitted in intensive care unit of a private hospital in India, after allegedly losing more than half a million Indian rupees as an investor.</p> 
<p>The video was posted on X by the X handle @Indiascrypto, a collective voice of victim investors of WazirX hack case. WazirX, one of the largest cryptocurrency exchanges in India, lost over $230 million worth of investor funds in a cyber attack on July 18. </p> 
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   <p lang="en" dir="ltr">🚨Emergency msg from your tribe Mr. Nischal Shetty.<a href="https://twitter.com/BuddhaSource?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@BuddhaSource</a> <a href="https://twitter.com/shardeum?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@shardeum</a> <a href="https://twitter.com/CryptooAdy?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@CryptooAdy</a> <a href="https://twitter.com/pushpendrakum?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@pushpendrakum</a> <a href="https://twitter.com/simplykashif?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@simplykashif</a> <a href="https://twitter.com/Crypto_Jargon?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Crypto_Jargon</a> <a href="https://twitter.com/cryptoamanclub?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@cryptoamanclub</a> <a href="https://twitter.com/hashtag/JusticeForWazirXUsers?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#JusticeForWazirXUsers</a> <a href="https://twitter.com/VJ_CryptoTimes?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@VJ_CryptoTimes</a> <a href="https://t.co/VRuAwmzpdw" target="_blank">pic.twitter.com/VRuAwmzpdw</a></p>— Justice for WazirX Users (@IndiasCrypto) <a href="https://twitter.com/IndiasCrypto/status/1821929226905309341?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">August 9, 2024</a>
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<p>In the five minutes long video posted on Friday night, the victim can be heard stating that his 64-year-old father Omprakash, an investor with the WazirX exchange, has been admitted in ICU for the past two days, after investing Rs 60 lakh.</p> 
<p>“We have been waiting for the past 21 days for WazirX to take any action in the case but till now, we have not got anything in return. Now slowly we are realizing that it is no longer a hack but a scam done against the investors. My father has been admitted in the ICU for the past two days. People are in huge distress due to the hack. We request Nischal Shetty (the co-founder of WazirX) to release the 55% unaffected funds of WazirX to their investors,” said the victim in the video.<br></p> 
<p>After the video was posted, several India based crypto investors were seen demanding WazirX to release 55% funds of investors.</p> 
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   <p lang="en" dir="ltr">This is heartbreaking. <a href="https://twitter.com/NischalShetty?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@NischalShetty</a> <a href="https://twitter.com/WazirXIndia?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@WazirXIndia</a> please release the 55% unaffected funds!!!</p>— IshitaPandey.eth (@IshitaaPandey) <a href="https://twitter.com/IshitaaPandey/status/1821957963650847027?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">August 9, 2024</a>
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<h2 class="wp-block-heading" id="wazirx-investors-intensify-their-voice-for-compensation">WazirX investors intensify their voice for compensation</h2> 
<p>Several investors of WazirX and their well-wishers have started “tagging” authorities and even popular Youtubers like Dhruv Rathee to draw their attention towards the WazirX fiasco. A few days ago, a <a href="https://www.cryptotimes.io/2024/08/08/wazirx-and-partners-hit-with-nclt-petition-over-230m-hack/">petition</a> was also filed in National Company Law Tribunal (NCLT) for an i<a href="https://www.cryptotimes.io/2024/08/09/petition-forces-wazirx-to-restore-user-portfolios-post-hack/">nvestigation</a> against WazirX on charges of mismanagement or fraudulent activity. Moreover, several other investors including the X handle @indiascrypto has threatened to file a <a href="https://www.cryptotimes.io/2024/08/07/wazirx-victims-list-7-key-demands-following-230m-hack/">public interest litigation (PIL)</a> in the High Court against WazirX if the seven listed demands of investors are not met.</p> 
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   <p lang="en" dir="ltr">Everyone is extremely worried, but those big guys don't seem to care at all. They just show up with a serious face when making videos, trying to make it look like they actually care about people's funds.<br><br>Shame on you guys <a href="https://twitter.com/hashtag/WazirX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#WazirX</a> Team.</p>— Crypto Patel (@CryptoPatel) <a href="https://twitter.com/CryptoPatel/status/1821948466500673955?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">August 9, 2024</a>
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<h2 class="wp-block-heading" id="wazirx-recent-response">WazirX Recent Response</h2> 
<p>On August 8, WazirX announced a major update regarding the recent platform issues after the cyberattack on July 18, 2024. In response to user feedback and to ensure equitable treatment for all, WazirX has decided to restore the balances of all accounts and undo all trades carried out on the platform after 1 PM IST on July 18, 2024.</p> 
<p>However, a lot of people mistook it for the announcement of resuming withdrawal. Please note that withdrawals are not yet open. This restoration should not be mistaken for the reopening of withdrawals. Trading and withdrawals remain halted during this process.</p> 
<p>It remains to be seen whether WazirX would allow withdrawal of remaining funds from their exchange.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/08/02/what-went-wrong-with-wazirx-indias-biggest-crypto-hack/">What Went Wrong with WazirX? Unraveling India’s biggest crypto hack</a></p> 
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Destressed victims of WazirX Hack release video, demand release of 55% funds

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The Crypto Times

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