Following the WazirX hack, a growing number of users are calling for Pi42 Exchange to be removed from the India Blockchain Week (IBW) event scheduled for December 4-5, 2024 in Bangalore.
WazirX victims protest Pi42's existence, Source: X
The controversy stems from the involvement of Nischal Shetty, co-founder of Pi42 Exchange, and the fact that Mahin Gupta, a former security partner at WazirX and CEO of Liminal, was also an advisor to Pi42.
Many users who claim to be victims of the WazirX hack claim that promoting Pi42 Exchange on IBW is a conflict of interest and an insult to the millions of users whose assets are still locked up on the platform. Masu.
There is a growing belief that Pi42 is indirectly benefiting from the WazirX hack, with user funds possibly being funneled into supporting the exchange's IBW sponsorship.
As part of the campaign, users took to social media to call on IBW to cancel its sponsorship of Pi42, calling the exchange's participation a “fraud” and a betrayal of those who lost their hard-earned money. I am inundated with requests. Some have accused IBW of being involved in hacking.
User slams IBW, Source: X
There is a growing call to #BoycottIBW and for individuals to make their voices heard by attending events and protesting where appropriate.
In response, some users have claimed that WazirX user funds are being used to promote companies like Pi42, with the company refusing to compensate victims despite the controversy. He began to blame the IBW organizers for making Pi42's existence possible.
Nischal Shetty, who is also involved in running WazirX, is currently associated with Pi42 Exchange, raising further concerns about the legitimacy of the platform. Pi42's participation in IBW is seen as an extension of WazirX's failure to deal with the aftermath of the hack.
Protesters are calling on IBW to reconsider its partnership with Pi42, saying it has a moral responsibility to disassociate itself from platforms related to the unresolved WazirX hack.
IBW organizers have not yet commented on the situation, but user requests continue to escalate. Tickets for the event are already on sale, and the unfolding drama is raising questions about the integrity of the event and the role of corporate sponsors in the blockchain community.
Also read: WazirX fails to offer live POR, users are disappointed
