Forum Replies Created
-
Posts
-
EYou should probably address this to SEBI (https://www.sebi.gov.in/department/investment-management-department-9/investor-complaints-cell-123/overview.html)
If you know someone else who is affected by this, it would be better to grow as a group. You can collectively make case for investor protection with regards to cryptocurrencies.
EThat’s not going to change anything, it still isn’t a law. The burden of due digilence is on the investor.Anyway, I believe you are in a denial mode. Consider yourself extremely lucky if you get your money back.
E>Crypto may be risky, but in this case, trust was broken and the founder continues this pattern without hesitation!There are no crypto regulations in India so far. I believe there is a bill proposed.
“The Reserve Bank of India advises that it has not given any licence / authorisation to any entity / company to operate such schemes or deal with Bitcoin or any virtual currency. As such, any user, holder, investor, trader, etc. dealing with Virtual Currencies will be doing so at their own risk.” Source: [Reserve Bank of India](https://www.rbi.org.in/commonman/english/scripts/PressReleases.aspx?Id=2152#:~:text=The%20Reserve%20Bank%20of%20India%20advises%20that%20it%20has%20not,so%20at%20their%20own%20risk.)
EIf you know they are fooling, there is no transparency, and the report you attached states “the verified Stolen Assets are valued at USD 283,591,219.21 based on the verified 17 January 2025 prices.”,…Take your losses, or set aside if you can recover, and move on with life. It is assumed that you were aware of risks involved in crytocurrency.If you still want to pursue this, I guess it is as in their TOC: [WazirX – User Agreement](https://s3.ap-south-1.amazonaws.com/wrx-assets/WazirXUserAgreement.pdf?v1). (Singapore).
EI am sorry that your mother passed away.You could send an email to the bank’s ombudsman explaining your situation. Perhaps they can give you a better answer.
EYou can report such websites: [cybercrime.gov.in](http://cybercrime.gov.in)E> I am worried about the consequences after he is firedKeep the evidences ready, and distributed among people close by. Here’s [Helplines | National Commission for Women](http://www.ncw.nic.in/helplines)
EEthics >> Law. We can have rubbish and immoral laws. At the same time, if a physician chooses to protect the patient, they better come with a solid, evidence based defence based on why they were protecting the patient.EYes, if he is innocent he should let it go to the court, even though the whole process is annoying. What is more annoying is bribing the police, and still ending up in the court. The latter is worse, if it is found out that the police was influenced, then he becomes guilty anyway.(Shitty system, even shittier solutions. IMO if as a society we don’t change (mature up in short) we will continue doing this mental contortions to justify our actions.)
EIt’s already been used in many countries, including India. The link below gives an overview of places it has been used. While many solutions already exist, and has been around for nearly a decade now, there have been some minor improvements in India. IMO, progess is still too slow.EWhy can’t we challenge that? Perhaps another lawyer’s council is needed, or even approach media to show institutional corruption.
