Topic: Wazirx (WRX) - Another Scam in making? (Read 129 times)

I think it is another unfounded accusation if you are accusing anyone you should learn to present concrete evidence, without any evidence your accusation will remain lame and useless the crypto market is bleeding already why we should make any negative post like this for what reason I'm using Binance in daily basis and WRX tokens are still trading there with a competitive price and volume so why it will turn into a scam?

Wazir exchange has been taken over by binance and the token is currently listed on Binance, is been very healthy in its growth. I should have known about the coin earlier than today, which would have possibly changed my financial fortune.

I refuse to accept that wazirx is a scam and there is no 100 percent proof that it's a scam, binance is deeply involved here that's why many trusted the exchange, OP you have to back your point you can't just claim wazirx is scam with no good proof

Wazirx scam?  in my opinion no. strong reason because CZ has acquired the shares of wazirx that I read in one article. The wazirx exchange has also developed quite well so far, There is no sign of a scam on the Wazirx project. I believe wazirx is a good enough project to invest.

Im not sure maybe thats not real or some fud. We all know that WRX is owned partly by Binance and they never intended to do any scam activity that will make their reputation go down. Coronavirus is really affecting the market so I think this is just a fud created but of course we dont know for sure if OPs story is only a tale.

Again ? Has WazirX ever been a scam? I am not sure if WazirX is a scam, because if that's the case Binance will never acquire this project
It's enough crashes caused by Coronavirus, no more crashes

I'm surprised  as well, if wazirx turned scam again the ban will be put in place again and guess what will happen to the market after Coronavirus and economy crash is already ruining crypto market, it will be a very unpleasant market experience this year

does anyone know what's going on at Wazirx right now?
i got in touch with it because the team took over a telegram group from another SCAM project (freldo)
and in the forum there are X current posts about Wazirx.

what is happening there right now?

https://bitcointalksearch.org/topic/m.53990693
https://bitcointalksearch.org/topic/m.53983379
https://bitcointalksearch.org/topic/binance-finally-integrated-wazirx-p2p-how-good-is-it-5226360
https://bitcointalksearch.org/topic/any-one-know-what-will-be-the-future-of-wazirx-coin-5225128
https://bitcointalksearch.org/topic/wazirx-coin-over-the-moon-5230391

It is great that you share such information but you do realise that what is making people being scammed in the crypto space is so much greed. I doubt that this will stop people from investing but a wise one will do his due diligence before investing.

After Bitconnect ripped off people with their giant scam in the history, where millions of Indians lost their livelihood due to a scam perpetuated by its owners to the extent that Indian Government has to declare all cryptocurrencies as illegitimate. Another con-artist takes giant leap in fooling Indians with his so-called 150 million WRX give aways. After reading all information available in the whitepaper, on the website and their paid-advertisements all over the internet here is my piece of due diligence:

• Tried to find Wazirx’s token WRX on https://etherscan.io , but couldn’t find it. So technically, such token does not exists, which Nischal is promising to give away almost 150 million of them for free.

• Nischal promises to list the token on his own exchange ‘Wazirx’ — no where else. So basically its like you start school and give PhD to yourself! May be his goal is to play around with the price for initial few days by leaving only 15% with public, then every time it reaches his target, dumping whatever he holds in the market and make money from people. That sounds fishy to me — so this 15% is nothing but a bait to attract fish to him and then he can steal their money.

• I read paid-news articles and all the information provided on website, no where I found where the company or its exchange Wazirx is registered and if they have obtained appropriate licenses to operate such business in India. May be he registered the company somewhere outside India in the wild world of some remote island where no one can reach him. So basically, you do not have any legal recourse if you are scammed by this con-artist. The best part is that Nischal is boasting about 'Transparency' he wants to bring in crypto-world through Wazirx, then sir, why not start with you?

• This is the reason India’s FM Mr. Jaitley does not want to allow people to get in cryptocurrencies because all this con-artists are taking the disadvantage of bitcoin fancy in India.

My piece of advise, stay away from cryptos and if you want to get in — go with established exchanges and last but not least don’t fall for the free giveaways. There is always something you are compromising. If nothing all, then your private information (like your PAN card, aadhar card, phone number, birthdate) which either will be misused by this company or sold to some other scammer who will scam you of all your money.