WazirX, India’s largest cryptocurrency exchange, is facing mounting pressure from investors and influencers to return their funds after a devastating hack that resulted in the loss of over $230 million.
The exchange has been under fire for three weeks since the July 18 incident, during which it suspended all operations and froze 55% of remaining customer funds. Despite this, WazirX has yet to provide a clear plan for returning the money to its users.
Distraught investors, including a 64-year-old man hospitalized due to stress, have taken to social media to share their harrowing experiences. The growing public outcry has prompted calls for a criminal investigation into WazirX and its co-founders, Nischal Shetty and Siddharth Menon, who are now based in Dubai.