WazirX faces legal battle after users accuse exchange of freezing crypto, fiat balances

WazirX users have filed a lawsuit at Singapore’s High Court, claiming the exchange unjustly froze their crypto and fiat balances, including Bitcoin (BTC), XRP, and Tether (USDT). They demand clarity and a return of their assets.

An affidavit by Romy Johnson contests WazirX’s asset categorization proposal, asserting it violates local laws. The court has rejected previous restructuring proposals that obscured ties to offshore entities.

Users are calling for an audit of asset movements. The crypto community shares concerns about the treatment of affected users, especially as new legal developments unfold before the upcoming hearing.

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