Tron (TRX) Assets Frozen in WazirX Hack Fallout: Users Fight for Recovery

Nearly a year after a staggering ₹2,000 crore (approx. $240 million) was stolen from Indian exchange WazirX, the platform's credibility remains in shambles as users categorized as 'Category A'—including those holding TRX (Tron), BTC, XRP, BNB, and USDT (TRC-20)—find their unhacked assets frozen under Singapore's IRDA restructuring process. Retail investor Romy Johnson has filed a 40-page affidavit with Singapore’s High Court arguing these crypto holdings should be classified as property rather than debts, challenging WazirX's official narrative. The exchange's prolonged silence has further eroded trust, leaving TRX and other affected investors in limbo while raising critical questions about crypto asset protection in exchange hacks.

WazirX Hack Controversy Deepens as Users Challenge Official Narrative

Nearly a year after ₹2,000 crore vanished from WazirX, the exchange's credibility lies in tatters. Users categorized as 'Category A'—holding BTC, XRP, TRX, BNB, and USDT (TRC-20)—find their unhacked assets frozen under Singapore's IRDA restructuring process. Retail investor Romy Johnson's 40-page affidavit to Singapore’s High Court argues these holdings constitute property, not debts.

The silence from WazirX contrasts sharply with grassroots investigators like Twitter's Toofaan Army, who continue unearthing critical documents. This case has become a litmus test for custodial accountability in India's battered crypto ecosystem.

TRON (TRX) Gains Momentum Amid Network Milestone and Bullish Technicals

TRON's native token TRX climbed to $0.2841-$0.2886, marking a 3.05% weekly gain as the network processed its 13 billionth transaction. Daily transaction volume averages 8 million, with Tether (USDT) transfers driving adoption in emerging markets.

Technical indicators flash bullish signals, with TRX trading above key moving averages and RSI at 63. The $0.29-$0.30 zone presents immediate resistance, while analysts eye $0.45 by year-end. Derivative markets show increased activity despite spot volume dipping 22.99%.

In Argentina and across Latin America, TRON's blockchain has become a de facto payment rail for stablecoin transactions, bridging the gap between unbanked populations and digital assets.

Trump-Backed USD1 Stablecoin Launches on Tron Network with Initial Trading Pairs

Trading for USD1, a new stablecoin on the TRON network, has officially commenced with the first pairs now live on Sun.io, a decentralized exchange within the Tron ecosystem. The initial offerings include USDT/USD1, TRX/USD1, and NFT/USD1, enabling direct swaps between Tether, Tron's native token, and the newly minted stablecoin.

Justin Sun, Tron's founder, announced the launch via social media, emphasizing the platform's push to expand its DeFi footprint. HTX, formerly Huobi, has already integrated USD1 deposits on the tron network, marking the first exchange to support the asset. World Liberty Financial, the entity behind USD1, is preparing an audit report and mobile app to bolster adoption.

Backed by U.S. Treasuries and cash equivalents, USD1 enters a competitive stablecoin market with political cachet—a rarity in crypto circles. The MOVE signals Tron's ambition to carve a niche in dollar-pegged assets while leveraging its high-throughput blockchain.