WazirX Users Wait in Vain: A Year of Promises, Silence, and Shady Moves

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How WazirX Kicked Its Customers in the Teeth and Went Back for More 🥴💸

Well now, if it ain’t the tale of WazirX—rolling along like a steamboat in a fog, promising the moon and delivering a pile of rubbish. On June 6th, them fine folks at WazirX sent out an email—soft as a buttered biscuit, mind you—that confirmed what everyone already suspected: the Singapore High Court done shot down their fancy plan to get folks’ money back.

This was the very scheme that was supposed to let folks finally pry their fingers loose from their crypto windfalls after a dreadful hack that cost a bunch of folks their life savings—a neat little $230 million, all gone up in smoke. But no, sir, the court said “Nope,” and WazirX’s hopes went fluttering away like a squirrel chased by a dog.

The email, addressed to all them anxious users, said that WazirX’s big boss, Zettai—now mysteriously renamed Zensui—had thrown some fancy legal requests for more time. More arguments, more delays—like a rooster clucking at dawn but never crowing. They even included a link to some official letter—redacted so tight it’d make a bank vault jealous—hoping to pull the wool over folks’ eyes, but everybody knew it was just the last gasp before the curtain fell.

Now, this wasn’t the promised land of withdrawals waiting just over yonder hill. Nope. They told folks they might start getting their money within ten days if the court fancied to change its mind, but all folks got was a big fat silence and a pile of legal mumbo jumbo that no one could understand—except that it all meant nothing.

And if that weren’t enough, the crafty devils slipped out the back door. Right before that June 6 letter, they packed up their circus from Singapore and sneaked off to Panama—leaving behind the old Zettai and adopting a new moniker, Zensui. Just like that, they turned tail and ran from the heat of the courts and regulators, like a scared cat in a rainstorm. Many saw it as a sign of cowardice, not strategy.

Then, as if that weren’t enough to make a man cry, WazirX’s token took a nosedive—nearly 40% in a day! It was like watching a barn fire, slow and tragic. People holding tokens, hoping for a miracle, saw everything they had dissolve into thin air—like their hopes themselves.

And through it all—what do we hear? Naught but silence. Not a peep out of Nischal Shetty, the captain of this sinking ship. Folks keep asking: “Will he speak? Will he tell us what’s going on?” Many of them risked their coins, borrowing from every neighbor they could find, trusting WazirX to do right by them. Now all they got is a new name, a broken promise, and the sound of wind through an empty pocket.

The plan that was to save them? Well, it was the last hope—a plan to launch a decentralized exchange, hand out recovery tokens, and buy back WRX tokens to steady the boat. But now, all those hopes are froze solid, buried beneath layers of lies and delays.

The latest word? More legal tricks up their sleeve—more arguing, more pleadings—like a dog chasing its tail. All the while, hope is slipping away, like grains of sand through a fiddler’s hands. They say they’re working “tirelessly,” but what they really mean is “we’re taking our sweet time and hope you forget.”

So here we stand, watching WazirX’s grand circus of silence, broken promises, and shady moves. And all that’s left for the poor souls who trusted them is the bitter taste of a dream deferred—until when, nobody can tell. Y’all might as well be waiting for Godot, ’cause that’s about how much action they’re givin’.

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2025-06-07 10:45