@CNBCTV18PrimeIN@NischalShetty@WazirXIndia@Manisha3005 WazirX has used public funds to build its business. We had purchase a profitable token, but WazirX settled it in USDT due to their mishandling. We could have kept our money in the bank and earned a fixed rate of int instead.
@NischalShetty@WazirXIndia Why should user to understand calculations. We know that what was invested into your portal. If the users loss it due to market conditions, could you please your profit. Similarly, it is not user fault. Pls pay back 100% crypto.
📢 There’s some confusion or misinformation about how liquid assets are being managed. Whether it’s due to misunderstanding or malicious intent, we want you to have the facts and full clarity about the restructuring process. Here’s an example to make it clear:
1. Before the hack, let’s say the total assets were 1 BTC and 1 ETH, equally shared among 5 users.
2. At the time, 1 BTC was worth $100, and 1 ETH was worth $50, making the total value $150. Each user’s share was $30 ($150/5).
3. Unfortunately, 1 ETH was stolen in the hack.
4. Later, BTC’s price increased to $150.
5. Now, the portfolio value is back to $150 due to BTC’s price increase. Each user will still get their $30 share.
This means WazirX doesn’t keep the $50 gained from BTC’s price increase. It goes to you, the users.
Don’t let anyone mislead you. You deserve the truth, and we’re here to ensure you get it. The upside belongs to you ✌️