- Nischal Shetty's Response to Criticism
- Investors and Community Reaction
- Statements and Further Accusations
WazirX Co-founder Nischal Shetty commented on the criticism following the exchange hack and answered questions from investors and other crypto influencers.
Nischal Shetty's Response to Criticism
WazirX co-founder Nischal Shetty responded to criticism on Monday regarding the exchange hack, which resulted in losing 45% of investor funds and freezing the remaining 55%. Shetty questioned why he and WazirX were not warned about the risks of storing 45% of funds in a single wallet, claiming that criticism arose only after the incident.
Investors and Community Reaction
Nischal Shetty's response sparked negative reactions from investors and the community, who accused him of trying to shift the blame onto them. A crypto expert said, 'The question is now on the community itself. Why didn't you question us then? Why are you questioning us now?'
Statements and Further Accusations
WazirX also released a statement claiming that a forensic audit showed no breach of their computers. WazirX blamed their former security partner Liminal Custody for the breach. Liminal refuted these allegations and invited WazirX for a fair investigation.
The situation surrounding the WazirX hack continues to spark public debate and raises many questions about the security practices of cryptocurrency exchanges.
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