Abd qadii

WE WAZIRX USERS DEMAND ANSWERS, WHY IS NISCHAL SHETTY HIDING ?? 👇🏻 In light of ongoing legal scrutiny and high public interest surrounding the WazirX restructuring process, we are seeking your formal responses to the following key questions. These concern issues of asset ownership, financial transparency, related-party transactions, and governance. These are being raised based on verified court filings, financial records, and user affidavits filed before the Singapore High Court. Despite repeated user concerns and significant paid PR activity, these core facts remain undisputed and require answers: ⸻ 1. Ownership of Custodied Crypto Assets Who is the legal and beneficial owner of the crypto assets held in custody on the WazirX exchange platform? • If WazirX or Zettai claims that users do not own their crypto, would that not imply potential tax and financial fraud exposure under Indian law? • If the assets are not legally users’ property, they cannot legally be their liabilities either — and must be accounted for accordingly. ⸻ 2. Proof of Reserves (POR) – Where Is It? Why has WazirX not published any Proof of Reserves to date? • Months have passed since user funds were frozen, yet no POR has been published or independently verified. • What is the reason for this prolonged lack of transparency? ⸻ 3. Multisig Wallets – Who Are the 6 Signatories? It is widely known that WazirX operates via multisignature wallets, and past statements suggest six authorized signatories exist. • Who are these six individuals? • Why has this critical information not been disclosed in your Scheme of Arrangement filing before the Singapore High Court? • The Court requires full and frank disclosure for any scheme to be considered. This omission raises red flags. ⸻ 4. Binance vs. Zanmai Control Contradiction Mr. Nischal Shetty continues to claim Binance owns WazirX. • If that is true, why does Mr. Shetty retain control over Zanmai Labs Pvt Ltd’s Indian bank accounts and operations? • This contradiction lies at the heart of user confusion — who is truly in control, and who holds responsibility for liabilities? ⸻ 5. ₹364.42 Crores in Related-Party Transfers Between FY 2021 and FY 2023, Zanmai Labs Pvt Ltd transferred over ₹364.42 Crores (approx. USD $45 million) to Qizil 21 Software and Shibuya Labs — both owned or controlled by Mr. Nischal Shetty and his spouse, Ms. Moujhuri Guha. • Can you explain the commercial rationale for these transfers? • Were they disclosed as related-party transactions in audited financials and tax filings? • On what basis were such significant funds moved out of WazirX’s operating entity? ⸻ 6. Total Revenue: ₹920 Crores – Where Did It Go? During the period 2020–2023, Zanmai Labs Pvt Ltd (WazirX’s Indian operating entity) reported gross revenue exceeding ₹920 Crores (approx. USD $112 million). • How much of this revenue is currently unaccounted for or “under dispute” in your Singapore court filings? • Mr. Shetty has stated in his affidavit that WazirX is undergoing restructuring due to lack of funds and “disputed profits.” • Please provide a full breakdown of the profits under dispute: names of counterparties, amounts involved, and nature of the disputes. ⸻ Many users have drawn parallels to the Vauld collapse, where similar legal advisors (Kroll and Rajah & Tann) were involved. Even three years after the approval of a restructuring scheme in Singapore, Vauld users still haven’t received their funds. The similarities in tactics raise serious concerns of history repeating under the guise of legal restructuring. ⸻ We invite WazirX, Zettai Pte. Ltd., or Mr. Nischal Shetty to formally respond to these questions. If you’d like to issue an on-record comment or clarification, please respond at the earliest. Evidence-backed and verifiable answers are requested. @NischalShetty @WazirXIndia @CryptoTimes_io @CoinpediaNews @OnchainStandard @CryptooIndia #WazirxScam #WazirX