WazirX Zero Zingers: Balances Drained While Users Nap 🤡💸

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Bingo! The plot thickens at WazirX, where users find themselves auto-enrolled into a “ZERO” plan with fees deducted as if they’d signed up for a subscription to a monthly mystery meat service. One might say it’s a case of “where there’s a will, there’s a way” (though not in the user’s favor).

WazirX ZERO, that most enterprising of crypto schemes, has once again stirred the pot of Indian crypto enthusiasts. The latest twist? Users report being auto-subscribed to a paid plan, their wallets mysteriously lighter, all while withdrawals remain locked tighter than a tin of sardines in a Victorian pantry.

Charges materialized like a ghost at a séance, appearing in wallets that had been as idle as a retired toad. To compound the delight, many affected souls still grapple with withdrawal restrictions from past calamities, a situation as agreeable as a root canal by candlelight.

WazirX ZERO’s Auto-Enrollment Shenanigans Spread Like Wildfire

WazirX ZERO, the brainchild of a marketing department with a penchant for surprises, promised a flat fee trading plan. Users could pay ₹99 monthly instead of per-trade fees, a proposition as appealing as a cup of lukewarm tea on a rainy day.

Alas, the trial period concluded, and the surprises began. One user, Neel Kukreti, lamented via X:

“Many of us stopped using Wazirx after no withdrawals for two years, but Nischal found another way of doing chindi chori (literally ‘stealing snacks’). Wazirx ZERO, a new program where everyone gets auto-subscribed for INR 99/month. I had 1200 INR in my wallet, and they took 100 without consent. This…”

– Neel Kukreti (@NeelKukreti)

Users, armed with screenshots and righteous indignation, shared tales of invoices and deductions. Some wallets had lain dormant since the last hack, like forgotten treasure chests in a pirate’s cave. One user lost ₹100 from a wallet that hadn’t seen action since the last withdrawal freeze, while another discovered auto-renewal was enabled by default-how thoughtful.

How WazirX ZERO’s Fee System Became a Financial Fiasco

The exchange’s fee collection system, a marvel of modern engineering, checks INR balances and deducts ₹99 plus GST if funds are present. If not? It sells the lowest-value token in your wallet to cover the cost, a move as graceful as a bull in a china shop.

Long-term holders, who had planned to hold their tokens like a secret recipe for immortality, found their assets liquidated without so much as a “by your leave.” Forced liquidation, they argued, crossed a line as clear as the nose on one’s face.

Timing: The Final Ingredient in WazirX’s Recipe for Outrage

The timing, one might say, was as bad as a guest arriving at a funeral with a kazoo solo. WazirX still operates under the shadow of last year’s $230 million hack, with withdrawals frozen and users awaiting recovery tokens like prisoners waiting for parole.

“Scammed again!! As a loyal user, I thought we must give the team another chance in this space. But they again decided to deceive their users. Everyone auto-enrolled into WazirX ZERO, and without consent, we’re now auto-charged…”

– Cryptotrackers 🦄 (@dkryptoindia)

Users regained access to 55% of their balances last year, the rest converted into Recovery Tokens. Yet, legal probes and withdrawal limits linger like a bad hangover. Against this backdrop, fresh deductions felt as welcome as a tax audit during a power outage.

Related Reading: WazirX to Resume Trading After 16-Month Closure Following $230M Heist

WazirX’s Radio Silence: A Symphony of Frustration

As complaints crescendoed, WazirX remained as quiet as a cat burglar in a library. No official statement, no refund policy, no explanation for auto-enrollment. Users, naturally, grew more vexed than a teakettle in a snowstorm.

Fund freezes, which have persisted for over a year, remain as vague as a politician’s promise. India’s treatment of crypto as a taxable Virtual Digital Asset, with scant consumer protections, only adds to the muddle. Critics argue exchanges like WazirX are playing the field like a fox in a henhouse, relying on weak oversight to dance around accountability.

One might say the situation is as delicate as a soufflé in a hurricane. But then again, what isn’t in the world of crypto?

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2025-12-18 18:36