BTCC
/
BTCC Square
/
Global Cryptocurrency
/
WazirX Founder Transfers Ownership Amidst Crypto Hack Fallout
WazirX Founder Transfers Ownership Amidst Crypto Hack Fallout
16
3
BTCCSquare news:
Nearly a year after India's ₹2,000 crore WazirX hack left users reeling, new revelations expose a clandestine ownership transfer by founder Nischal Shetty. UAE filings reveal Shetty relinquished 100% stake in Shinjuku FZC LLC to his wife Moujhari Guha on August 13, 2024—weeks post-breach—without public disclosure. The move, published in The Gulf Times a day later, occurred as victims demanded accountability.
Twitter erupted with #WazirScam accusations as users highlighted the platform's alleged ₹10,000cr fraud impact. The timing proves particularly damning—while investors sought leadership during crisis resolution, WazirX's founder executed an exit strategy. Singapore court documents now suggest deeper liabilities may surface.
By:
Previous
FCA’s Conservative Stance on Digital Asset ETPs Faces Growing Criticism
Next
Private Credit Fuels $24bn Tokenization Surge as Institutions Embrace Blockchain
