In response to ongoing user anxiety over Wazirx’s handling of the July 18 cyberattack, co-founder Nischal Shetty has clarified the situation and countered misinformation regarding the exchange’s remaining assets. In a series of posts on social media platform X, Shetty addressed concerns about delayed withdrawals and unaddressed questions, emphasizing that claims of lost assets are unfounded and primarily aimed at gaining attention.
Shetty acknowledged the demand for proof of reserve (PoR) of Wazirx’s remaining assets and assured users that the unaffected tokens are being transferred to new wallets. He also mentioned that the exchange is in the process of securing a new custody provider. “We are taking a careful approach,” Shetty stated. “The PoR will be shared once this process is complete, but it will take some time.”
Additionally, Shetty cautioned users about emerging misinformation and fake accounts. He urged users to be wary of misleading information from unverified sources and to focus on constructive solutions rather than negative speculation.
Shetty also promised that Wazirx would soon present a comprehensive plan for resolving token-related issues and would hold AMAs to address remaining concerns. He emphasized the importance of collaboration in finding solutions and dispelling negativity.
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