🇮🇳 We have no personal vendetta against #WazirX and it's team.
Once they return 100% of the users funds, they'll never hear from this X account again.
#JusticeForWazirXUsers
🚨 Why we are losing this battle and #WazirX is not replying?
Average #WazirX users - My amount is very small, let them fight. If they win I'll get it back anyways. If not, it's a small amount. I don't care.
We all must unite 🙏
#JusticeForWazirXUsers
🚨Freedom of speech is under threat in India!
#WazirX took my money, your money, and a staggering ₹2000 crore. They are illegally keeping 55% of funds. When we ask questions politely, without any profanity, they block us for raising our voices.
WHO ARE THEY? We made them. We, the users. It's time to stop just reading and start acting. Let's show them the power of unity. If we don't stand together, there will be no justice. They will run away with our 4000cr.
Please, I urge CRYPTO community to retweet this. We need to make our voices heard 🙏🙏
@simplykashif@pushpendrakum@cryptoady@cryptoamanclub@PushpendraTech @VJ_CryptoTimes @nsitharaman@FinMinIndia@CoinDesk@Cointelegraph@BitcoinMagazine@AltcoinDailyio
Wazirx - Today, We filed the FIR
Community - FIR after 20 days ?
Wazirx Owner - We filed complain with the police right after the hack but takes time to file the actual FIR.
Me - So you mean to say, in India it takes 20 days to file actual FIR after you raise complain with police for exchange hack ?
🤷♂️
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Join me in seeking justice against @WazirXIndia and @NischalShetty ! If 5-10k victims unite, I'll file a PIL in the High Court and demand a CBI enquiry. Follow me for updates and let's make our voices heard! #WazirX#JusticeForWazirXVictims
These are tough times but can't ignore the fact that we are in this situation because Wazirx & Liminal both messed up in their own way but customers trusted Wazirx with their crypto not Liminal :
Current Poll has 3 major flaws & has been made keeping in mind that priority is given to Business rather than users. Which is Totally Unfair & not transparent.
1) Snapshot should be taken from before the Hack not 3 days after.
2) Forced Crypto conversion will bring tax implications for users who are already burdened with 45% Hacked Fund Loss.
3) 45% of user funds are already lost & remaining is being forcefully kept by the exchange, even withdrawals will be with daily limits. That's again not Fair again.
In terms of recovering hacked funds, I am sure you guys are exploring all the options but few that come to my mind :
1) Wazirx team should look at contributing from their own profits that were made over the years or treasury.
2) Disclose Assets vs Liabilities, Balance Sheet, Revenue, INR Holding, etc - That will give better ideas about possibility & time period it will take to recover funds Via Wazirx Profit.
3) Reach out to users who are willing to accept equity in Zanmai Labs in exchange for lost tokens with buy back plan in case of recovery.
4) Reach out to Users with Heavy Portfolio to figure out options that they are comfortable with.
In the end whatever happened can't be undone, we can only learn from it & come back stronger but at the same time - Need to be fair to Users & next steps should taken giving them priorty.
WAZIRX Poll Explained, Also covered 3 Major Flaws that Wazirx Team should relook at:
1) Why Snapshot being taken 3 days after the hack ?
2) Who will pay 1% TDS for forced Token Conversion & Flat 30% tax on Profit ?
3) Crypto Withdrawals will be with daily limits not all at once.