WazirX co-founder Nischal Shetty recently addressed the growing concerns and misinformation surrounding the remaining assets of the crypto exchange following the July 18 cyberattack. Shetty emphasized that false claims suggesting the assets are lost are unfounded and aimed solely at garnering attention. He reassured users that unaffected tokens are being moved to new wallets and that WazirX will provide Proof of Reserves (PoR) once a new custody provider is secured. Shetty also warned users to be cautious of fake accounts spreading misinformation and promised a clear plan for resolution, encouraging the community to focus on constructive solutions.

WazirX Co-Founder Addresses User Concerns

Response to Cyberattack Misinformation
Nischal Shetty, co-founder of WazirX, recently took to social media platform X to address concerns regarding the crypto exchange’s handling of the July 18 cyberattack. Amid rising anxiety over delayed withdrawals, Shetty reassured users that claims suggesting the remaining assets are lost are baseless and solely intended to attract attention.

Reassurance of Asset Security

Commitment to Transparency
In response to demands for Proof of Reserves (PoR), Shetty acknowledged users’ concerns and confirmed that unaffected tokens are being moved to new wallets. He emphasized that WazirX is in the process of securing a new custody provider, after which the PoR will be shared. “We will do this, but we’re being careful in our approach,” Shetty stated, asking for patience as the process is completed.

Warning Against Misinformation

Fake Accounts and False Claims
Shetty also cautioned the community about a new trend of fake accounts pretending to be WazirX representatives. These accounts, he warned, are spreading misinformation and targeting those who support the exchange’s resolution efforts. He urged users to be vigilant and not to fall prey to these misleading claims.

Focus on Constructive Solutions

Call for Community Collaboration
In a further post, Shetty underscored the importance of focusing on constructive solutions rather than getting swayed by negativity and misinformation. He assured users that WazirX is working diligently to provide clarity each week and promised that a comprehensive plan for resolving token-related issues would be presented soon. Additionally, Shetty committed to holding AMAs to address any remaining concerns, emphasizing the need for the community to work together towards positive outcomes.