WazirX founder and chief executive Nischal Shetty held a 1-hour, 8-minute live AMA on 31 August 2026, the exchange’s first long community session since trading resumed in October 2025. He said the 34% INR balance freeze concerns rupees held at banks during a legal process, but gave no release date; a circulating 14 September claim was not confirmed by WazirX. Shetty said smaller-balance users had received an initial email, while other accounts remain in a larger tranche, and that operating profits might eventually help ease more accounts if proceedings continue. The session followed the 18 July 2024 hack that drained about $235 million from a Liminal Custody multi-signature wallet and the Singapore High Court’s 13 October 2025 approval of the Zettai and WazirX scheme of arrangement. Eligible users received roughly 85% of approved claims on 24 October 2025, while Recovery Tokens for the remaining portion were credited on 9 January 2026. The tokens are non-tradable, have no market price and are reviewed every three months for possible buybacks when at least $10 million in unencumbered value is realised in a cycle. Shetty said WazirX’s custody had moved to BitGo, Fireblocks integration was nearing launch, and security controls, code and infrastructure had been strengthened. He also addressed thin INR spot liquidity, futures growth, WazirX AI, compliance upgrades and a roadmap that excludes staking from the current quarter. The AMA did not provide figures for frozen INR, user tranches, Recovery Token buybacks, platform profits, proof of reserves, stolen funds recovered, or users unable to withdraw crypto.