Crypto Exchange Wazirx again delayed the release of the remaining user funds and set a timeline in May 2025. This move will keep users who have been expecting funds on a continuous basis for a while. The platform mentioned internal reasons for the delay, but no clear details were shared. Users must maintain patients for at least one month as Wazirx prepares a revised distribution plan. This delay has created a panic situation in the market as many people believe the company will not pay its users.
Nischal Shetty, founder of Shardeum and co-founder of Wazirx ![]()
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Nishikal Shetty Nischal Shetty is the founder of India’s largest and highly trusted crypto exchange platform called Wazirx. He is an entrepreneur with a passion for technology, blockchain, cryptography and innovation. Founded Wazirx in 2018, it was built with a team of enthusiastic blockchain fans and hardcore traders, and was tasked with involving all Indians in the Blooming Blockchain Revolution. Currently, he has also served as a committer for Chardumu since February 2022. In 2010, Nischal became the founder of CrowdFire, a Mumbai-based software development company. Through Cloud Fire, he helps individuals easily manage social media profiles around multiple platforms. Nischal Shetty has launched and led the Software Executive Career Life Holding at 31 Infotech, which develops Virtual Solutions for Java and related technologies. Meanwhile, in January 2009 he founded TWI5. This is a one-stop place to discover all the best Twitter applications and attract thousands of visitors every day. Apart from this, he praises sharing his views on technology, development and innovation. Nischal Shetty has been honored for several awards and recognition, including the Forbes 30 Under 30 and the inspiring CEO awards by ET. EntrepreneurDeveloper/Programmerchief executive officerauthor ![]()
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Recently, we have responded to growing concerns about the expected delay in the distribution of Wazirx funds. Using X, Shetty revealed that the rumors were baseless FUD (fear, uncertainty, doubt), reassuring the community that the process was progressing on schedule.
Why is it important?
Legal and orderly enforcement of fund distribution plans is not important to Wazirx users. We also set up examples of how Indian crypto exchanges work under legal surveillance. This result could affect the broader emotions around India’s crypto ecosystem.
For now, Shetty’s message is transparent. He insisted that everything is going well and that users should be patient and confident. The next viewing date is May 13th, when the court hears. Until then, teams will remain focused and continue to inform the community.
