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

• WAZIRX users are suing to exchange over frozen funds while demanding transparency and recovery of assets
• The honorary statement of the Roma Johnson also questioned the Restructuring Plan

Wazirx landed again in legal problems. This time they are users who take over the exchange to court.

In a heated legal battle that took place before the Singapore High Court, users accused Zettai, the local Wazirx entity, and frozen both their crypto and the Fiat balance without a clear justification.

The dispute focuses on the claim that even hopeless assets Bitcoin [BTC], XRP, Tron [TRX], Binance [BNB]Bonds [USDT]And Fiat was incorrectly detained, raised outrage and concerns about the responsibility for the shift.

The honorary statement of the Roma Johnson challenges the restructuring of Wazirx

With users requiring transparency and return on their funds, new honorary statement submitted Roma Johnson threatens to transform the case and raise wider questions about crypto rights and user protection.

The core of the legal dispute is the decision to evaluate all user assets, whether untouched, fiat or allegedly endangered, into the only plan of restructuring.

In his 40 -page statement, Roma Johnson attacked this categorization and claimed that the Singapore law prohibits treating user -credible assets as corporate obligations.

Categorization of failed tokens (category A), equivalents inr (category B) and hacking assets ETH/ERC-20 (category C) under one umbrella is accused of postponing the rights of unaffected users.

What further complicates is the dubious nature of the hack itself. This, because the evidence of blockchain revealed that stolen funds were transferred through internal multisigo wallets that require more permits.

Until now, however, no concrete evidence of external violation has occurred, which would cause serious doubts about the hacker narrative Zettai.

What are users looking for?

Wwzirx users actively require greater transparency from Zettai in growing frustration and call on society to reveal who has allowed dubious funds to transfers.

They also advocate a complete audit to monitor the movements of assets and identify the responsible.

The Singapore High Court has already rejected one of Zettai’s restructuring proposals for hiding references to offshore shell companies.

The latest honorary statement of Romy Johnson strengthens the argument that this case exceeds Wazirx. Especially because it challenges a wider legal principle that is properly held in trust, even during bankruptcy.

With the next court meeting set for July 15, 2025, Wazirx issued an update on its official X account, which explained that the legal struggle was far from over.

How does the crypt community react?

As expected, the Krypto community is strongly concerned after Roma Johnson submitted the honorary statement in Singapore at the last minute and asked the court to first return the failed tokens and postpone the decision on the endangered.

Critics argue The fact that this approach unfairly divides users and leaves almost 45%, people with endangered wallets face possible delay until year.

Needless to say, this step has caused concern that it could derail the original restructuring plan and disrupt the principle of equal treatment for all affected users.

Some even say,

“Justice delayed is justice denied.”

But some also supported Wazirx.

In July 2024 Exchange suffered Main security violations, loss of digital assets over $ 230 million for hackers.

Since the platform is still rotating from past incidents, the ongoing legal battle in Singapore deepens only concerns about its operational transparency and user fund protection. As expected, many of them have questioned whether confidence in the exchange can be restored.