You remember WazirX being hacked last year and like for 8 months there news of things changed this and that way. And turns out the exchange has been struggling to meet the ends. They managed the exchanged to be run through VC control and managed to control the damage. And also they got their own safety out by freezing the profit out. 

In short the exchange duped the customers and just made random promises to give them some small notes. And hopefully that would be controlling damage for them. But truth be told your money as a customer has lost the profit and principal. 

WazirX made the hack look like some north Korean hackers doing something. In reality the hackers were staged and most likely some big group which in handshake with the wazirX would have executed this whole play. So the money in and out is in both their control. 

And though VC have came to the rescue, the VC would make it easier for them to win the consumer court cases. And they would just give like 30 or so percent of the loss on social equity or something. And the team behind the wazirX would be able to get out of the control of the exchange too. 

You may also notice that twitter/X comment section is off from the owner of the company. And this would be most possible we have to understand how much this is in deep as well. 

Lets see if this Saga ends this year. For now things are just in the control of the WazirX.