WazirX Recovery at Risk, Can Jason Kardachi Be Trusted?

Quick Summary:

Recently it made progress by freezing $3 million in stolen USDT, but its recovery efforts hit a roadblock due to controversy surrounding Jason Kardachi.

He has been a key figure in WazirX’s restructuring plan but is now facing a legal ban in Singapore, raising concerns about his role.

In crypto, trust is all—any mistake would only dig a deeper pit for WazirX and its impacted users.

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Article Details

Author / Journalist: Sneha Murali

Category: Crypto

Markets: United Arab EmiratesHong KongSingapore

Topics: Exchange News Hack Market Updates WazirX

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-15 @ 17:29:18 (3 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 184 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 27032078

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 32 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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