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

Key Points

1. Users accuse WazirX's local entity, Zettai, of freezing unhacked assets like Bitcoin, XRP, Tron, Binance, Tether, and fiat without clear justification.

2. Romy Johnson's affidavit challenges WazirX's categorization of assets, raising doubts about Zettai's hacking narrative.

3. The crypto community has strong concerns, with some users fearing delays of up to a year in recovering their assets.

4. WazirX suffered a major security breach in July 2024, losing over $230 million in digital assets to hackers.

5. The next court hearing is scheduled for 15 July 2025, where further updates on the case are expected.