Oh, the crypto drama just keeps getting better and better! In the heart of Singapore, where the air is humid and the coffee is strong, WazirX users are having a field day in court. They’re not just asking for their money back; they’re demanding answers, and they’re not taking no for an answer. 🤔💰
Enter Romy Johnson, the crypto knight in shining armor, with a 40-page affidavit that might just turn the tide. 🛡️
The Big Problem: Frozen Assets
So, what’s the big deal? Well, it turns out that Zettai, WazirX’s Singapore entity, has been playing a bit of a shell game with user assets. According to Romy Johnson’s affidavit, there are three categories of assets: unhacked coins (Category A), fiat-like INR (Category B), and the hacked ETH/ERC-20 tokens (Category C). 🤦♂️
But here’s the kicker: under Singapore law, you can’t restructure user-owned assets held in trust. It’s like trying to restructure your neighbor’s car because you borrowed it. Users are saying, “Hey, Zettai, you crossed the line by using our coins to push a plan that doesn’t protect us!” 🚧
THREAD: Why WazirX Users Are Fighting Back in Singapore Court
A 25-part breakdown of Romy Johnson’s 40-page affidavit representing “Category A” users whose unhacked crypto assets remain unjustly frozen by Zettai Pte Ltd. #WazirX #WazirXScam
— TOOFAAN (@TOOFAANARMY) July 6, 2025
The Hack That May Not Be a Hack
Now, things get even more twisted. The so-called hack might not even be a hack at all. Blockchain records show that the stolen coins were moved using internal multisig wallets, which require multiple approvals. 🤯
No evidence of an outside attack has been presented, which pretty much blows Zettai’s “it was a hack” excuse out of the water. Users are now demanding the names of the people who approved these transfers and a full audit to track down the missing coins. 🕵️♂️🔍
Where the Court Fight Stands Now
Singapore’s High Court has already rejected Zettai’s first scheme because it conveniently left out links to an offshore shell company. Romy Johnson’s affidavit is a game-changer, citing major court cases that prove crypto held in trust belongs to the users, even during bankruptcy. 📜⚖️
However, the next hearing in WazirX’s ongoing case has been rescheduled for July 15, 2025. So, we’ll have to wait and see what happens next. 🕒
Will WazirX Return the Money?
At the end of the day, this is all about protecting user funds. Zettai claims it will repay users once the new plan is approved, but trust is at an all-time low. As one user put it, “Promises don’t pay bills, Zettai.” 💸🔥
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2025-07-07 10:44