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Controversy Surrounding Pi42 Exchange’s Presence at India Blockchain Week
Users Demand Removal of Pi42 Exchange from IBW Event
Concerns Over Conflict of Interest and Affront to WazirX Hack Victims
Following the recent WazirX hack, a wave of users is calling for the exclusion of the Pi42 Exchange from the upcoming India Blockchain Week (IBW) event in Bangalore. The controversy revolves around Nischal Shetty, co-founder of Pi42 Exchange, and the involvement of Mahin Gupta, former security partner of WazirX, as an advisor for Pi42.
Many users, claiming to be affected by the WazirX hack, argue that Pi42’s promotion at IBW presents a conflict of interest and shows insensitivity towards the millions of users whose assets remain trapped on the platform.
Growing Sentiment Against Pi42’s Participation
Accusations of Indirect Benefit from WazirX Hack
There is a rising belief that Pi42 Exchange is indirectly profiting from the WazirX hack, potentially using user funds to sponsor its presence at IBW. Social media is inundated with demands for IBW to revoke Pi42’s sponsorship, with users labeling the exchange’s involvement as a “scam” and a betrayal to those who suffered financial losses.
Some users are even accusing IBW of complicity in the hack, further fueling the backlash against Pi42’s participation and raising questions about the event’s credibility.
Call for Action and #BoycottIBW Movement
Protest Against IBW’s Alleged Support for Pi42
Amidst the uproar, calls for a boycott of IBW are gaining momentum, urging individuals to voice their concerns and potentially protest at the event. Critics are pointing fingers at IBW organizers for allegedly facilitating Pi42’s involvement despite the ongoing controversy surrounding WazirX and its failure to compensate victims.
The connection between Nischal Shetty’s roles in WazirX and Pi42 Exchange has added to the skepticism surrounding Pi42’s legitimacy, with protestors insisting that IBW should distance itself from any platform linked to the unresolved WazirX hack issues.
Organizers Yet to Address Backlash
As users escalate their demands, IBW organizers have remained silent on the matter. With tickets for the event already on sale, the unfolding drama is prompting critical reflections on the integrity of the event and the implications of corporate sponsorship in the blockchain community.
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