WazirX, the Indian cryptocurrency exchange, has once again sparked controversy with its recent announcement of scheduled system maintenance. This news has ignited further frustration among users already grappling with the platform’s prolonged issues, particularly the ongoing inability to withdraw funds since the July hack.
The upcoming maintenance, slated for October 28th to 29th, will temporarily halt all services, leaving users in a state of uncertainty. This move comes amidst growing concerns about the exchange’s transparency and commitment to resolving the lingering issues.
Users have taken to social media to express their discontent. One user questioned the purpose of the maintenance, given the existing limitations on services. Another user bluntly asked if there were any services that were actually available.
The recent publication of a Proof of Reserves (PoR) report has done little to alleviate these concerns. Critics argue that the report, instead of providing reassurance, highlights the platform’s vulnerabilities and the potential risks to user funds.
The revelation that a significant portion of user funds was transferred to other exchanges after the hack has further eroded trust. While the exchange claims that this transfer was necessary to protect user assets, many users remain skeptical and worry about the security of their investments.
As WazirX continues to face these challenges, users are left wondering about the future of the platform and the safety of their funds. The exchange’s ability to regain user trust and restore normal operations will be crucial in determining its long-term viability.