Addressing User Concerns with a Set of Clear Demands
The collective voice of the WazirX user community has culminated in a delineated list of seven essential demands. This response to the hack not only underscores the acute concerns surrounding the security of their investments but also signals the trust deficit users currently face with the platform. These demands, crafted with precision and urgency, are aimed at rectifying the current predicament and reinstating the faith of the community in the platform's capability to secure their investments.
Ensuring Access to Unaffected Funds
Foremost among the expressed demands is the call for the immediate reenablement of withdrawals for all assets unscathed by the hack. This encompasses both non-ERC20 tokens and fiat currencies like the Indian Rupee (INR), to be facilitated without any imposed limitations. The emphasis here is on ensuring users maintain access to their funds, untarnished by the hack's consequences, as a step towards rebuilding confidence.
Refraining from Socialization of Losses
Furthermore, the community insists on a formal assurance that the assets of users that remained untouched by the hack will be wholly reinstated. For those unfortunate enough to have their assets compromised, the request extends to a coherent strategy for recovery, coupled with a reasonable timeline. This demand spotlights the necessity for a structured and transparent approach towards the restitution of stolen assets without unjustly burdening unaffected users.
Guarantee Against Bankruptcy Proceedings
Amidst growing uncertainties, users demand a binding commitment that WazirX will steer clear of bankruptcy proceedings. Additionally, they seek complete transparency regarding the assets of Zanmai Labs and WazirX, encapsulating the disclosure of wallet addresses that contain the platform’s cryptocurrency holdings. This demand is fuelled by the pursuit of transparency and the reassurance of the platform’s financial health.
Utilizing Pre-Hack Account Snapshot
User concerns also extend to the methodologies deployed in quantifying losses. Hence, there is a call for utilizing account snapshots from before the hack for this purpose. This is to ensure that post-hack trading activities, conducted in the absence of the stolen funds, are not legitimized in determining users' losses.
Lifting of Communication Restrictions
The demand for unblocking the WazirX telegram channel, coupled with the reinstatement of crypto influencers on Twitter who have spoken actively on this matter, reflects the community’s call for uncensored communication. This underscores the importance of an uninhibited dialogue, ensuring every voice within the community is heard and acknowledged.
Recommencement of Platform Operations
In a bid to navigate through the current volatile market, users are advocating for the platform to resume trading for unaffected cryptocurrency pairs such as bitcoin, XRP, and Dogecoin. This call stems from the acute awareness experienced traders possess regarding the necessity to capitalize on market opportunities, despite prevailing adversities.
Clamor for Regular and Transparent Updates
Last on the list, but certainly not least, is the demand for daily updates from WazirX. The community seeks regular, clear, and transparent communication regarding the progress of the recovery process. This is vital for maintaining a thread of trust and ensuring the community is kept in the loop about efforts being undertaken to address the situation.
This encapsulated list of demands from the affected users of WazirX is a testament to the critical juncture at which both the platform and its community stand today. The emphasis on action, clarity, and transparency is evident, with the overarching goal of mending the fractures in trust and security experienced. As the situation unfolds, it remains imperative for platforms like WazirX to heed these calls with the seriousness and urgency they warrant, paving the way for restored confidence and strengthened security measures in the future.
