WazirX Founder Transfers Ownership Amidst Crypto Hack Fallout

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2025-06-27 08:44:03

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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.

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