WazirX, a cryptocurrency exchange, has released updates regarding ongoing legal proceedings in Singapore concerning a proposed scheme of arrangement. User reactions to these developments have been increasingly negative.
Overview of WazirX Legal Proceedings
WazirX filed its affidavit on July 4, 2025, as directed by the Singapore Court. The next hearing is set for July 15 at 7:30 AM IST, with July 16 reserved if needed.
Current Community Concerns
Users are expressing frustration over a year without refunds and clear answers. With the anniversary of the major hack approaching on July 18, questions arise about when they will finally get their tokens back. Recently, user Romy Johnson filed a fiery 40-page affidavit demanding the return of unhacked funds, accusing the company of hiding assets.
Potential Risks for Fund Recovery
One user warns that the new affidavit could further delay the WazirX fund recovery process. The unpredictability raises concerns: if the court rejects the proposed scheme, no one, including holders of unhacked tokens, will receive anything. Collaboration among users appears to be a more favorable option to achieve a fair and timely resolution.
The situation surrounding WazirX and its users remains tense. The ongoing legal disputes, various affidavits, and community dissatisfaction raise crucial questions about the future of fund recovery and justice in this case.
