WazirX has faced backlash on social media for its sudden relocation and rebranding, with users criticizing founder Nischal Shetty’s lack of response

Quotes that support claims

According to Sonu Jain, one of the petitioners in the case representing WazirX users, the court’s dismissal of the exchange’s moratorium application highlighted the lack of transparency from the exchange’s side. The exchange’s parent firm had not revealed to the court or to its users about its move to Panama and rebranding to Zensui.

Twitter has been flooded with reactions since the news started surfacing. Many users are furious and are once again asking where Nischal Shetty is. The founder, who once claimed to be building India’s most trusted crypto exchange, has remained silent on this latest development.