Binance-Linked WazirX Faces User Fund Release Delays, Court Hearing Set for May 13

WazirX, the Indian cryptocurrency exchange once associated with Binance, has announced a further delay in releasing remaining user funds, pushing the timeline to May 2025. Founder Nischal Shetty has addressed growing concerns, denying default rumors and confirming an upcoming court hearing on May 13 regarding the matter. The situation has left users anxious as they await clarity on the revised distribution plan.

WazirX News: Nischal Shetty Debunks FUD, Confirms Court Hearing on May 13 for Fund Release

Crypto exchange WazirX has delayed the release of its remaining user funds until May 2025. Users are becoming increasingly anxious as the platform prepares its revised distribution plan. The delay has been attributed to internal reasons, but no clear details have been shared. Nischal Shetty, the founder of WazirX and Shardeum, has debunked fears of default and confirmed a court hearing on May 13 related to the fund release.

CZ Denies Cooperation Against Justin Sun in Crypto Allegations

Binance founder CZ has fiercely denied Wall Street Journal claims that he agreed to testify against Tron’s Justin Sun in a plea deal with the U.S. Department of Justice (DOJ). Justin Sun has called the allegations ’baseless’ and publicly supported CZ, calling him a mentor and close friend. The development could have significant Ripple effects across the crypto world as Binance rebuilds post a $4.3B settlement. Political shifts and CZ’s influence hint at a strategic U.S. comeback if Trump returns to office.