WazirX ZERO has triggered fresh anger across the Indian crypto community. The issue is related to auto-enrollment into a paid plan without user approval.
Users started to notice that Charges appeared suddenly in their wallets, which had been idle for months.
To worsen things, many affected users still face restricted withdrawals from earlier events.
WazirX ZERO launched as a new flat fee trading plan. The exchange presented it as a trader-friendly option where users would pay ₹99 per month plus tax instead of paying trading fees per order.
However, problems surfaced soon after the free trial ended.
https://twitter.com/NeelKukreti/status/2001217986313732344?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank” rel=”follow external noopener noreferrer nofollow
Users started sharing screenshots on X showing invoices and deductions, and many said they never opted in. Several accounts had no recent trades and some wallets had remained untouched since withdrawals were halted last year.
One user reported losing ₹100 from an idle wallet that held only a small balance. Another shared proof that auto-renewal had been enabled by default. Opting out also required manual action inside account settings.
Anger spread quickly and many users questioned why the exchange assumed they all gave consent.
WazirX ZERO relies on a strict collection system, which itself caused much of the outrage.
First, the system checks the INR balance. If enough funds exist, it deducts the ₹99 fee plus GST. However, problems arise when no INR balance exists.
Next, the platform chooses the lowest value token in the user’s wallet and sells just enough to cover the fee.
Many users described this as shocking. Long-term holders saw their assets sold without pressing a sell button and some had planned to hold those coins while waiting for recovery updates.
Such forced liquidation raised alarms as users argued that selling assets for a subscription they never opted for, crosses a clear line.
The timing has worsened reactions, since WazirX still operates under restrictions linked to last year’s hack. Many users are still locked out of access to their funds.
The hack in question wiped out roughly $230 million from the exchange. Withdrawals stopped overnight and the exchange’s Parent firm Zettai Pte Ltd entered court-supervised restructuring.
https://twitter.com/dkryptoindia/status/2000983232377180645?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank” rel=”follow external noopener noreferrer nofollow
Users later regained access to about 55% of their balances almost a year later, with the remaining 45% converted into Recovery Tokens.
Still, some balances remain frozen due to legal probes and crypto withdrawals remain limited for many users.
Against this background, the fresh deductions from user accounts felt deeply unfair.
Related Reading: WazirX to Resume Trading After 16-Month Closure Following $230M Heist
As complaints grew, users looked for answers and yet, no official statement has been released to address the issue at publication time.
No explanation clarified why auto-enrollment became the default, and the exchange has announced no refund policy or justification.
This silence frustrated users further. Many asked how fees could be charged while withdrawals stayed restricted.
Notably, fund freezes have lasted over a year and recovery timelines remain vague.
India still treats crypto as Virtual Digital Assets, where gains face a 30% tax and clear consumer protections remain limited.
Some critics continue to argue that exchanges like WazirX are taking advantage of weak oversight.
The post WazirX Users Furious – Auto-Enrolled into Paid Plan, Balances Drained to Cover “ZERO Trading” appeared first on Live .
Go to Source
Author: NixCoin
Key Highlights Tether CEO Paolo Ardoino denied that the company is building or planning to…
Key Highlights Bitget is restricting transactions linked to 16 crypto platforms and entities, including HTX…
Key Highlights BitGo held the largest share of real-world asset issuer TVL at 27.5%, with…
Key Highlights Kalshi accuses Nevada’s gaming regulator of breaking federal law over $120,000 in daily…
Key Highlights Solana co-founder Anatoly Yakovenko suggested that temporarily increasing SOL issuance could be more…
Key Highlights SOL is now live on the XRP Ledger, giving users access to Solana’s…
This website uses cookies.
Read More