It is almost a year since one of India’s largest crypto debacles left users blinded. The £ 2,000 Crore Wazirx Hack shook the ecosystem, but the silence of the founder, Niseal Shetty, has been louder than any answer. Now a new turn after the violation has again a public indignation, a secret transfer of property rights.
The calm exit did not see anyone coming
New revelations show that on August 13, 2024, just a few weeks after the massive hack, Niseal Shetty 100% owned by Shinjuku FZC LLC, a Wazirx-linked company registered in the VAE, to his wife, Moujhari Guha. There were no public announcements, no user updates and not a word for supervisors. Shetty lowered its interest to 0.00%, while users were still struggling with the loss of their funds.
The transfer was quietly submitted and published The golf season On August 14, only one day after the change of property. This step happened when users were desperate for leadership, answers and reassurance, and instead their founder drew off and walked away.
Singapore Court exposes more lies
Add a fuel to the fire has now confirmed a Singapore court right bench that Zettai pte. Ltd., the Singapore arm of Wazirx, indeed kept user assets and contradicted the long-standing claim of Wazirx that it never had custody. The ruling by Justice Kristy Tan stated that the platform misled and deliberately delayed the transparency during the crisis.
While users are waiting, NiSal continues
Because user funds remain in sight without a solution, Niseal Shetty lives in Dubai, untouched through research and it actively works on his new company, Shardeum.
Shardeum was launched in April and promised low gas costs and scalable smart contracts, but has since crashed almost 77% from his peak, which activated new play. Despite working with MEXC and promoting a “SHM Party” campaign, he has not offered any responsibility for the Wazirx -Puin Hoop.
Without answers, no refunds and no justice, the patience of the community bears thin because every new detail only confirms that the responsible person responsible have already continued.