As an analyst with years of experience in the crypto market, I have seen my fair share of ups and downs, hacks, and scams. However, the situation at WazirX is particularly concerning due to the scale of the hack and the potential impact on users’ funds.
Users of WazirX have presented a detailed set of requests following a police report over the $230 million hack, causing widespread unease among them regarding their assets and the platform’s future.
The WazirX community has proposed a list of seven essential requests to alleviate user issues and rebuild faith in the platform. These requests underscore the gravity and immediacy with which users are addressing this situation.
Users Request Immediate Resumption of Withdrawals: Users are asking for all unaffected funds, whether they’re non-ERC20 coins or fiat INR, to have withdrawal services reactivated without any limitations. This request underscores their desire to access their assets during the ongoing resolution process.
As a Researcher, I am requesting a formal guarantee that any funds lost due to non-theft means will be completely reimbursed. In the event of coin theft, I expect a transparent recovery strategy along with an estimated timeframe for resolution from the exchange.
Users are insisting on a commitment from WaziX that they will not seek bankruptcy protection. Moreover, they are requesting complete transparency regarding the assets held by both Zanmai Labs and WazirX, specifically including the wallet addresses where their cryptocurrency funds are stored.
To accurately assess losses, take a pre-hack account snapshot (before the breach happened). Trading activities post-hack are not valid for consideration since the funds are absent during that period.
Request for Uncensored Communication: The community is urging for the unbanning of the WazirX Telegram channel and the reinstatement of crypto influencers on Twitter, who have been actively discussing this matter. This step aims to ensure that every voice within the community is acknowledged and given a platform.
Users are requesting the platform to be reactivated for uninterrupted trading of cryptocurrencies such as Bitcoin, XRP, and Dogecoin. They believe that given the present market’s volatility, skilled traders should have the chance to capitalize on emerging opportunities.
Frequent Communications: In conclusion, the public is requesting regular communications from WazirX, providing straightforward and transparent updates regarding the recovery process and advancements being made.
In this critical moment, these requests underscore the importance of rebuilding trust and openness on WazirX. The community is optimistic that their issues will be swiftly and appropriately resolved.
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2024-08-07 11:16