The Indian crypto community is gearing up to push back against the Pi42 Crypto exchange’s participation in the upcoming India Blockchain Week (IBW). IBW is an annual event that brings together key players in the blockchain and crypto space to discuss the latest developments and challenges in the industry.
Pi42 Exchange, India’s first Crypto-INR perpetual futures exchange, is set to join the conference scheduled for 4 to 5 December. However, a Crypto X user representing WazirX customers, who were affected by a hack incident, has raised concerns about Pi42’s involvement in the event. The user criticized Pi42 for spending lavishly on sponsoring the event while neglecting the issues faced by WazirX customers.
The user has called on WazirX customers to unite and pressure the IBW team to exclude Pi42 Exchange from the event. If IBW fails to take action, the user has suggested boycotting the event altogether. The goal is to send a strong message to WazirX leadership that promoting other companies while failing to address the concerns of affected users is unacceptable.
The relationship between WazirX and Pi42 Exchange is worth noting, as Pi42 was co-founded by WazirX CEO Nischal Shetty and former ZebPay CEO Avinash Shekhar. WazirX itself was the target of a hack four months ago, resulting in significant losses for customers. Despite promises of a restructuring plan, WazirX has been criticized for holding onto customers’ funds without resolution.
The crypto community is mobilizing to hold Pi42 Exchange accountable and ensure that the interests of WazirX customers are prioritized. By taking a stand against Pi42’s participation in IBW, the community hopes to see positive developments in addressing the issues faced by affected users. It remains to be seen how this situation will unfold leading up to the IBW event.