2025-12-27 02:48:36

A major storm in India's crypto market has officially escalated to the courts. WazirX founder Nischal Shetty recently confirmed that the tug-of-war with a leading exchange over control has reached the stage of formal litigation.

Looking back at the background: as early as 2019, that leading exchange announced the acquisition of WazirX, and the industry generally viewed this integration positively. But no one expected that in the following years, both sides would repeatedly clash over control and operational rights, evolving from private negotiations to public disputes.

In a recent statement, Shetty revealed that now both parties are "each sticking to their own reasons," and their positions are difficult to reconcile. He emphasized that the outcome of the lawsuit will significantly impact WazirX's future direction.

This dispute reflects the complexity of mergers and acquisitions in the crypto industry—after capital enters, founders and investors often have disagreements over development directions and decision-making power. In an uncertain regulatory environment, such conflicts are more likely to be intensified and prolonged.

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GasWrangler

· 2025-12-30 02:37

honestly, if you actually analyze the transaction costs of this courtroom mess, the gas fees for litigation are gonna be demonstrably worse than any on-chain settlement could've been. technically speaking, both parties fumbled the initial contract parameters pretty badly here.

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FudVaccinator

· 2025-12-28 22:13

Another big crypto drama... This time it's really heading to court --- Oh, so this is the outcome of a merger and acquisition—money comes in and the tug-of-war begins --- India's situation depends on how the court rules --- The dream of 2019, see you in court in 2024—how ironic --- The war between founders and capital, in the end, the users are probably the ones who suffer --- Shetty is truly out of options this time, all-in litigation --- Control issues are a bottomless pit... This is a revelation

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ChainPoet

· 2025-12-27 03:18

Oh no, big companies' acquisitions still can't be trusted. In the end, founders and investors end up in court. That's why some founders still prefer to go solo; being acquired is basically a nightmare. The Indian market is also quite tough, and with the added regulatory hurdles, lawsuits are inevitable, and no one benefits from them. Control is essentially a war over money and influence, and it never ends. So, when choosing a partner, you need to look at their character, not just their background and capital size.

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DegenDreamer

· 2025-12-27 03:17

Another big show, founders and capital tearing each other apart. This script is really well written. That's why I say that the biggest risk in startups is fundraising—once you raise funds, it's like a parent-child relationship. Are the exchanges over in India this active? It feels even more exciting than here. See you in court. They've really taken blockchain issues to the legal level. Usually, it would be strange to handle it differently. Shareholding rights, in simple terms, are about争夺话语权—no one wants to be sidelined. Playing this game in an uncertain regulatory environment, it's a gamble on who will hold out first. Other exchanges are probably also considering whether to clean up their internal risks. Long-term disputes are the most painful, as both users and project teams remain on edge.

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Rugpull幸存者

· 2025-12-27 03:17

Another big drama in the crypto world, founders going to court with major capital, how intense is this plot At first, I thought it would end happily, but the "beautiful cooperation" in 2019 just fell apart, truly the end Basically, capital wants the say, founders are reluctant to part with their "children," both sides have their tempers If they really go to litigation, WazirX users will suffer a lot, and exchanges won't even understand who is in charge anymore The dual attack of regulation and lawsuits, how is India's exchange so "vulnerable" This is even more heartbreaking than a rug run; at least a rug run is straightforward, but this internal conflict is truly a slow poison

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NftMetaversePainter

· 2025-12-27 03:13

actually, this whole wazirx mess is exactly what happens when you try to impose centralized governance structures on what should be decentralized primitives... the hash of control always collapses under its own weight

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CompoundPersonality

· 2025-12-27 03:13

Another big show of pulling the leeks, this time an internal conflict version The big shots are in court, this is outrageous The acquisition has turned into a power struggle, whoever wins gets to steer the ship, poor trading users This is the crypto world, capital comes in and starts hurting each other When will the Indian market settle down Honestly, it's all about that little bit of control, ideals have been eaten up by interests Let's wait and see the verdict, this case might drag on forever Forget it, I won't watch anymore, this kind of internal fighting is no good for retail investors Legal team is enjoying a feast, users are left in the dust Can WazirX survive, it feels dangerous

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