WazirX users are growing increasingly frustrated as the crypto exchange pushes back its asset recovery timeline into 2026. Once celebrated as India’s leading crypto platform, WazirX faces a credibility crisis as users demand answers.
According to posts trending on X, several users have accused the platform of vague communication and broken promises. Many now claim that co-founder Nischal Shetty misled the community during the early stages of the platform’s financial troubles.
A critical ruling from Singapore’s High Court is expected on May 13. The decision will determine whether WazirX’s restructuring and user repayment plan can advance. Until then, user funds remain frozen, and the exchange offers little transparency.
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New Complications as Court Seeks Asset Clarifications
Besides the mounting delays, the High Court has ordered Zettai, the entity managing WazirX’s restructuring, to disclose how U.S. tariffs have impacted asset valuations. This unexpected requirement could further delay fund recoveries and complicate the strained process.
Users believe the restructuring plan creates an extended holding period against their will because they lack authentic consent. With regulations still evolving, the WazirX case may serve as a critical turning point for user rights in the sector.
Growing User Demands for Accountability
Social media users remain dissatisfied with the way WazirX management handles matters. Those who criticize the company’s management of the issue continue to spread their content because they want better timeframes and honest information displays.
Critics warn that the fallout from WazirX could impact broader trust in centralized exchanges across India’s crypto market. The WazirX case functions as a crucial marker in developing user rights standards for the industry, as regulations remain evolving.
Conclusion
As the May 13 court date nears, users remain trapped in uncertainty, awaiting clarity that has so far remained elusive. The future of WazirX—and the fate of user funds—hangs precariously in the balance.
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