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WazirX Fraud

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by COINS NEWS 82 Views

WazirX Fraud

1st thing, snapshot time to be implemented should be 1 second before the hack on 18th july. And all trading(possibility of insider trading of whales) between 18th July and 21st July should be made null and void.

Now- Finance and law operate on principles of rules and legality, not emotions. ERC20 coin holders have no legal claim to the assets of non-ERC20 coin holders. Every coin in WazirX reserves is mapped to its respective owner. Redistribution, liquidation, conversion, or swapping of non-ERC20 coins to compensate ERC20 coin holders is neither legal nor ethical. This is the ultimate truth that must be accepted, regardless of personal feelings.

Regarding compensation for ERC20 coin holders whose assets were stolen:

  1. Provide them with the remaining ERC20 coins in other wallets.
  2. Issue new coins like WRX.
  3. Utilize recovery funds and insurance funds.
  4. Consider fund-raising through equity sales or acquisition by Binance.

Since non-ERC20 assets such as Bitcoin and INR were not stolen, holders of these assets must be allowed 100% withdrawal of their Bitcoin, non-ERC20 coins, and INR once withdrawals resume. It is imperative to uphold justice for the rightful owners of these assets.

Decisions should be based on truth, morality, and ethics, not emotions. WazirX must not use Bitcoin, non-ERC20 coins, or INR assets of their rightful owners to compensate for the stolen ERC20 coins.

submitted by /u/PROGEEK97
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