The crypto exchange WazirX, which faced a major hacking incident in mid-July this year, continues to experience problems. Users are losing the opportunity to benefit from the current bull run as their funds remain frozen for an extended period.
Escalating Situation Post-WazirX Hack
Since July this year, following the WazirX hack and the loss of 45% of user funds, trading on the platform has been suspended. Furthermore, the remaining funds have been locked for almost four months. It is anticipated that funds dispersion will begin only in February 2025.
User Suffering During the Bull Run
While the market is showing positive dynamics, WazirX users are unable to capitalize on the rise. For instance, Bitcoin has surged to $82,323, Ethereum to $3,143, and Dogecoin to $0.2899. Users express frustration at this situation, having to watch as their opportunities slip away.
Questionable Actions and Recovery Issues
Many users complain about the lack of access to their funds and altered balance data on the platform calculators. Popular influencer Ajay Kashyap expressed dissatisfaction with the management's actions, calling them shadowy and irresponsible. Some users are receiving less than 52% of their previously owned digital assets.
The situation at WazirX causes serious financial and psychological distress for users. Despite the exchange's promises to share future profits, the current situation represents significant losses and missed investment opportunities for many.
