• bitcoinBitcoin(BTC)$117,909.00-0.37%
  • ethereumEthereum(ETH)$3,753.375.69%
  • rippleXRP(XRP)$3.492.74%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$748.911.63%
  • solanaSolana(SOL)$180.302.12%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2523002.82%
  • staked-etherLido Staked Ether(STETH)$3,740.485.58%
  • cardanoCardano(ADA)$0.853.76%
  • tronTRON(TRX)$0.318048-2.29%
  • Wrapped stETHWrapped stETH(WSTETH)$4,517.275.18%
  • HyperliquidHyperliquid(HYPE)$45.551.55%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$117,818.00-0.37%
  • stellarStellar(XLM)$0.4661002.48%
  • suiSui(SUI)$3.974.84%
  • hedera-hashgraphHedera(HBAR)$0.2716842.73%
  • bitcoin-cashBitcoin Cash(BCH)$533.865.44%
  • avalanche-2Avalanche(AVAX)$25.116.36%
  • Wrapped eETHWrapped eETH(WEETH)$4,015.975.58%
  • shiba-inuShiba Inu(SHIB)$0.0000151.98%
  • litecoinLitecoin(LTC)$116.2714.90%
  • WETHWETH(WETH)$3,752.295.69%
  • leo-tokenLEO Token(LEO)$9.000.23%
  • the-open-networkToncoin(TON)$3.263.00%
  • polkadotPolkadot(DOT)$4.496.11%
  • USDSUSDS(USDS)$1.000.00%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.04%
  • whitebitWhiteBIT Coin(WBT)$44.520.56%
  • uniswapUniswap(UNI)$10.696.39%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$117,822.00-0.47%
  • Ethena USDeEthena USDe(USDE)$1.00-0.02%
  • moneroMonero(XMR)$324.22-0.54%
  • pepePepe(PEPE)$0.0000146.41%
  • bitget-tokenBitget Token(BGB)$5.031.27%
  • aaveAave(AAVE)$327.644.39%
  • BittensorBittensor(TAO)$430.206.13%
  • crypto-com-chainCronos(CRO)$0.1216840.97%
  • ethereum-classicEthereum Classic(ETC)$25.105.07%
  • nearNEAR Protocol(NEAR)$2.996.03%
  • daiDai(DAI)$1.00-0.02%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.01%
  • aptosAptos(APT)$5.444.18%
  • Pi NetworkPi Network(PI)$0.4471150.59%
  • OndoOndo(ONDO)$1.065.38%
  • internet-computerInternet Computer(ICP)$5.976.46%
  • EthenaEthena(ENA)$0.49895125.69%
  • okbOKB(OKB)$49.131.89%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$219.642.16%
  • mantleMantle(MNT)$0.802.69%
  • bonkBonk(BONK)$0.0000340.54%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • algorandAlgorand(ALGO)$0.2992863.71%
  • kaspaKaspa(KAS)$0.0976786.17%
  • arbitrumArbitrum(ARB)$0.4852297.04%
  • vechainVeChain(VET)$0.0284604.94%
  • cosmosCosmos Hub(ATOM)$5.207.49%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,759.785.87%
  • render-tokenRender(RENDER)$4.388.94%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.2479845.69%
  • USD1USD1(USD1)$1.00-0.07%
  • worldcoin-wldWorldcoin(WLD)$1.238.65%
  • Official TrumpOfficial Trump(TRUMP)$10.595.76%
  • gatechain-tokenGate(GT)$17.603.05%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.806.28%
  • sei-networkSei(SEI)$0.3621434.43%
  • filecoinFilecoin(FIL)$2.865.69%
  • fasttokenFasttoken(FTN)$4.510.06%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.030770-1.80%
  • SkySky(SKY)$0.0850941.86%
  • sUSDSsUSDS(SUSDS)$1.060.01%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,924.085.57%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$192.252.38%
  • rocket-pool-ethRocket Pool ETH(RETH)$4,272.875.57%
  • SPX6900SPX6900(SPX)$1.873.02%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$117,748.00-0.46%
  • quant-networkQuant(QNT)$115.544.03%
  • JupiterJupiter(JUP)$0.564.47%
  • Pump.funPump.fun(PUMP)$0.0045583.61%
  • xdce-crowd-saleXDC Network(XDC)$0.0981278.46%
  • CelestiaCelestia(TIA)$2.2014.18%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.991.16%
  • kucoin-sharesKuCoin(KCS)$12.142.14%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.33%
  • FartcoinFartcoin(FARTCOIN)$1.496.52%
  • injective-protocolInjective(INJ)$14.9910.73%
  • USDtbUSDtb(USDTB)$1.00-0.01%
  • flare-networksFlare(FLR)$0.0205322.30%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$3,944.285.69%
  • StoryStory(IP)$4.773.31%
  • curve-dao-tokenCurve DAO(CRV)$1.016.61%
  • blockstackStacks(STX)$0.875.17%
  • Mantle Staked EtherMantle Staked Ether(METH)$3,992.744.86%
  • optimismOptimism(OP)$0.785.79%
  • USDT0USDT0(USDT0)$1.000.04%
  • Liquid Staked ETHLiquid Staked ETH(LSETH)$4,054.875.73%
  • flokiFLOKI(FLOKI)$0.0001391.27%
  • nexoNEXO(NEXO)$1.340.11%
  • SonicSonic(S)$0.3954625.67%
  • bitcoinBitcoin(BTC)$117,909.00-0.37%
  • ethereumEthereum(ETH)$3,753.375.69%
  • rippleXRP(XRP)$3.492.74%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$748.911.63%
  • solanaSolana(SOL)$180.302.12%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2523002.82%
  • staked-etherLido Staked Ether(STETH)$3,740.485.58%
  • cardanoCardano(ADA)$0.853.76%
  • tronTRON(TRX)$0.318048-2.29%
  • Wrapped stETHWrapped stETH(WSTETH)$4,517.275.18%
  • HyperliquidHyperliquid(HYPE)$45.551.55%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$117,818.00-0.37%
  • stellarStellar(XLM)$0.4661002.48%
  • suiSui(SUI)$3.974.84%
  • hedera-hashgraphHedera(HBAR)$0.2716842.73%
  • bitcoin-cashBitcoin Cash(BCH)$533.865.44%
  • avalanche-2Avalanche(AVAX)$25.116.36%
  • Wrapped eETHWrapped eETH(WEETH)$4,015.975.58%
  • shiba-inuShiba Inu(SHIB)$0.0000151.98%
  • litecoinLitecoin(LTC)$116.2714.90%
  • WETHWETH(WETH)$3,752.295.69%
  • leo-tokenLEO Token(LEO)$9.000.23%
  • the-open-networkToncoin(TON)$3.263.00%
  • polkadotPolkadot(DOT)$4.496.11%
  • USDSUSDS(USDS)$1.000.00%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.04%
  • whitebitWhiteBIT Coin(WBT)$44.520.56%
  • uniswapUniswap(UNI)$10.696.39%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$117,822.00-0.47%
  • Ethena USDeEthena USDe(USDE)$1.00-0.02%
  • moneroMonero(XMR)$324.22-0.54%
  • pepePepe(PEPE)$0.0000146.41%
  • bitget-tokenBitget Token(BGB)$5.031.27%
  • aaveAave(AAVE)$327.644.39%
  • BittensorBittensor(TAO)$430.206.13%
  • crypto-com-chainCronos(CRO)$0.1216840.97%
  • ethereum-classicEthereum Classic(ETC)$25.105.07%
  • nearNEAR Protocol(NEAR)$2.996.03%
  • daiDai(DAI)$1.00-0.02%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.01%
  • aptosAptos(APT)$5.444.18%
  • Pi NetworkPi Network(PI)$0.4471150.59%
  • OndoOndo(ONDO)$1.065.38%
  • internet-computerInternet Computer(ICP)$5.976.46%
  • EthenaEthena(ENA)$0.49895125.69%
  • okbOKB(OKB)$49.131.89%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$219.642.16%
  • mantleMantle(MNT)$0.802.69%
  • bonkBonk(BONK)$0.0000340.54%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • algorandAlgorand(ALGO)$0.2992863.71%
  • kaspaKaspa(KAS)$0.0976786.17%
  • arbitrumArbitrum(ARB)$0.4852297.04%
  • vechainVeChain(VET)$0.0284604.94%
  • cosmosCosmos Hub(ATOM)$5.207.49%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,759.785.87%
  • render-tokenRender(RENDER)$4.388.94%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.2479845.69%
  • USD1USD1(USD1)$1.00-0.07%
  • worldcoin-wldWorldcoin(WLD)$1.238.65%
  • Official TrumpOfficial Trump(TRUMP)$10.595.76%
  • gatechain-tokenGate(GT)$17.603.05%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.806.28%
  • sei-networkSei(SEI)$0.3621434.43%
  • filecoinFilecoin(FIL)$2.865.69%
  • fasttokenFasttoken(FTN)$4.510.06%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.030770-1.80%
  • SkySky(SKY)$0.0850941.86%
  • sUSDSsUSDS(SUSDS)$1.060.01%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,924.085.57%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$192.252.38%
  • rocket-pool-ethRocket Pool ETH(RETH)$4,272.875.57%
  • SPX6900SPX6900(SPX)$1.873.02%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$117,748.00-0.46%
  • quant-networkQuant(QNT)$115.544.03%
  • JupiterJupiter(JUP)$0.564.47%
  • Pump.funPump.fun(PUMP)$0.0045583.61%
  • xdce-crowd-saleXDC Network(XDC)$0.0981278.46%
  • CelestiaCelestia(TIA)$2.2014.18%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.991.16%
  • kucoin-sharesKuCoin(KCS)$12.142.14%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.33%
  • FartcoinFartcoin(FARTCOIN)$1.496.52%
  • injective-protocolInjective(INJ)$14.9910.73%
  • USDtbUSDtb(USDTB)$1.00-0.01%
  • flare-networksFlare(FLR)$0.0205322.30%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$3,944.285.69%
  • StoryStory(IP)$4.773.31%
  • curve-dao-tokenCurve DAO(CRV)$1.016.61%
  • blockstackStacks(STX)$0.875.17%
  • Mantle Staked EtherMantle Staked Ether(METH)$3,992.744.86%
  • optimismOptimism(OP)$0.785.79%
  • USDT0USDT0(USDT0)$1.000.04%
  • Liquid Staked ETHLiquid Staked ETH(LSETH)$4,054.875.73%
  • flokiFLOKI(FLOKI)$0.0001391.27%
  • nexoNEXO(NEXO)$1.340.11%
  • SonicSonic(S)$0.3954625.67%

Users left frustrated as crypto exchange backtracks on claims made during YouTube town hall.

WazirX, one of India’s largest cryptocurrency exchanges, has removed a YouTube video in which management promised users 100% profit sharing from future cryptocurrency price appreciation. The video was part of a one-hour town hall session on October 4, where co-founder Nischal Shetty and George Gwee, director of Kroll, addressed concerns from users affected by a $234 million hack earlier this year.

Frustration Mounts Among Users

During the session, Gwee had assured a user that all profits from price increases during the exchange’s restructuring would be shared with users. The video was met with praise for Shetty, but soon after, WazirX made the video private, sparking frustration among users. Many were already sceptical after the company had promised fairness in front of the Singapore court, which granted a four-month moratorium on legal action against the exchange.

Restructuring Process Clarified

In a second YouTube town hall, WazirX clarified that past profits would not be shared under the new restructuring plan. They explained the company’s assets included funds remaining after the hack, recovered tokens, and tokens generated from future collaborations. Zettai Pte Ltd, WazirX’s parent company, valued its total assets at approximately $301.79 million.

Committee of Creditors Formation

The incident comes just as WazirX announced plans to form a 10-member Committee of Creditors (CoC) by October 9. This panel, composed of users affected by the hack, will provide input on the company’s restructuring plan. The exchange’s $234 million hack in July, which wiped out over 45% of its reserves, has left millions of Indian users with substantial losses.

In response to the breach, WazirX has shifted blame between external parties, including custody wallet provider Liminal and Binance, both of which have rejected responsibility.

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