Bitcoin has finally hit the $100K mark—a huge milestone that many in the crypto world have been waiting for. It’s a moment of celebration for investors who have shown faith in crypto and been through all its ups and downs.
But for a growing number of WazirX users, this milestone isn’t bringing the joy they expected. Instead, they’re left asking, “Where’s our money?” Their funds have been locked up for months, and as the market surges, they’re stuck on the sidelines, unable to cash in.
WazirX Hack: Funds Suspended for Over Four Months
It’s been more than four months since WazirX was hit by a major security breach, and still, many users haven’t been able to access their funds. In that period, Bitcoin reached unprecedented highs, and for many investors, this was supposed to be the moment when their portfolios took off.
But instead of celebrating gains, they’re left frustrated and wondering why their money is still locked away.
One user tweeted, “Bitcoin is over $100K, and your #WazirX portfolio could’ve grown by now. But @WazirXIndia won’t release the funds. PLEASE RELEASE THEM NOW!”
Another user expressed their anger even more directly, accusing WazirX of profiting from the situation: “Nischal Shetty and the team at WazirX are using users’ funds to ride the bull run. Once it’s over, they’ll give the portfolios back—but without the profits!”
What started as a handful of complaints has now become a loud chorus of voices. The longer users’ funds remain locked, the more it feels like WazirX is holding onto them for a reason—perhaps to profit off the current market boom. Some are wondering if WazirX is using their funds to benefit from Bitcoin’s rise, only to return their portfolios later, minus the profits.
In crypto, timing is everything. Bitcoin’s rise to $100K could’ve been a huge opportunity for those with frozen funds. But instead, those users are stuck watching the price climb without being able to take advantage of it. Every day this drags on, the frustration only grows.
An X user asking Nischal, expressed his anger stating, “What is the market crashes before February? Who takes responsibility for the loss?”
Meanwhile, WazirX exchange management announced on Thursday that they will be applying with the Singapore Court “for permission to convene a meeting of creditors to present the Company’s proposed Scheme of Arrangement for voting”. The exchange management will be putting their proposed compensation scheme to vote in front of users.
The big question now is simple: When will WazirX finally release the locked funds? Are they going to keep hiding behind the excuse of “security concerns,” or will they finally do the right thing and let users access their money? Every day that passes, users are losing patience, and time is running out for WazirX to respond.
Also Read: CZ Breaks his Silence on WazirX, Says “I told you so” to Users
