{"id":136303,"date":"2024-08-27T20:00:15","date_gmt":"2024-08-27T17:00:15","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136303"},"modified":"2024-08-27T16:21:01","modified_gmt":"2024-08-27T13:21:01","slug":"wazirx-co-founder-addresses-exchange-ownership-and-operations-amid-dispute","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/wazirx-co-founder-addresses-exchange-ownership-and-operations-amid-dispute\/","title":{"rendered":"WazirX Co-Founder Addresses Exchange Ownership and Operations Amid Dispute"},"content":{"rendered":"<p>During an exchange on X with Indian crypto influencer Pushpendra Singh, Shetty <strong><a href=\"https:\/\/x.com\/pushpendrakum\/status\/1828090029559910444\" rel=\"nofollow\">clarified<\/a><\/strong> that he is currently managing the platform on behalf of the involved parties while the dispute remains unresolved.<\/p>\n<p>Pushpendra had raised questions about how completed trades were reversed back into cryptocurrency, the lack of admin access during this process, and Shetty\u2019s role in these decisions.<\/p>\n<p>In response, Shetty explained that they are handling the platform temporarily until a resolution is reached but refrained from disclosing further details due to confidentiality.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-136282\" href=\"https:\/\/cryptodnes.bg\/en\/heres-why-telegram-founder-pavel-durov-was-arrested-in-france\/\" title=\"Here\u2019s Why Telegram Founder Pavel Durov Was Arrested in France\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/20171004PHT85303_original-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Here\u2019s Why Telegram Founder Pavel Durov Was Arrested in France<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Regarding user withdrawals, Shetty mentioned that more information about the restructuring process will be shared soon. He suggested that a community discussion will follow to provide a clearer timeline for resolving the situation.<\/p>\n<p>WazirX recently faced significant operational challenges, including a halt in crypto withdrawals due to large INR (Indian Rupee) freezes. The exchange has since resumed INR withdrawals at a reduced fee, allowing users to withdraw up to 66% of their INR balances. This move comes after WazirX experienced a $230 million hack in July, which had a severe impact on its operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nischal Shetty, co-founder of Indian cryptocurrency exchange WazirX, recently discussed the platform\u2019s operational status and ownership amid ongoing disputes.<\/p>\n","protected":false},"author":3,"featured_media":31004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[424],"coin_category":[],"class_list":["post-136303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WazirX Co-Founder Addresses Exchange Ownership and Operations Amid 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