1. Similarity Between Vauld and WazirX
2. Involvement of Kroll and Mismanagement Allegations
3. Concerns Over WazirX Restructuring

In the ongoing drama of the major WazirX hack, the Twitter account 'Justice for WazirX Users' received a detailed warning message from Vauld investors. They cautioned the WazirX community about the involvement of Kroll, a financial and risk advisory.

Similarity Between Vauld and WazirX

Vauld went insolvent over two years ago post a hack. Vauld CEO Darshan Bathija promoted a restructuring plan, much like WazirX’s CEO Nischal Shetty is doing now. Vauld creditors believe this tactic is misleading.

Involvement of Kroll and Mismanagement Allegations

Vauld hired Kroll, specifically Jason Kardachi and George Gwee, to manage the restructuring. Vauld creditors accuse Kroll of mismanaging funds and wasting millions of dollars from creditors without providing significant results or transparency. They argue that Kroll's restructuring has not yet recovered any significant funds, with creditor money being spent on vague activities.

Concerns Over WazirX Restructuring

Creditors are warning that WazirX’s use of Kroll for restructuring could replicate the issues experienced with Vauld. They allege that Kroll’s involvement might result in a similar lack of transparency and accountability, leaving creditors with insufficient answers and potential financial losses. There are concerns that Kroll's efforts could obscure the situation rather than facilitate the recovery of funds.

Vauld creditors are warning WazirX creditors to reconsider accepting Kroll’s restructuring plan. They claim that it will lead to further financial losses and continued mismanagement, as seen with Vauld. They highlight the need for greater transparency and accountability from both Shetty and Kroll. This situation underscores the risks in cryptocurrency insolvencies, where users face financial losses and unclear processes.