India’s FIU is investigating vinance and wajirux via cryptographic transfers from Pakistan in connection with terrorist financing and alleged misconduct.
Wazirx faces legal heat as users request an answer to 1,284 crores with asset ownership, transparency and suspicious transfers.
Wajirux and Binanance are struggling as India’s FIU is considering cryptographic transfers from Pakistan. Authorities are currently tracking wallet transactions that may be linked to illegal or terrorist activities.
Breading Speed: A few hours after filing a 72-page affidavit with the Singapore Court, we also quote #Wazirx wallets used in terrorist financing.
Make sure wazirx+ #binance is under the probe for terror-linked crypto flows from Pakistan to Jammu & Kashmir.
-Toofaan (@toofaanarmy) July 11, 2025
India has probed the vinanence surrounding Pakistan-linked cryptographic transfers and Wajirux
As reported by Money Control, authorities said the FIU is collecting data from Binance to identify accounts that may be receiving cryptocurrency from Pakistan in private wallets. These wallets are not tied to any exchanges, making them difficult to track. Authorities are concerned that such transfers could be linked to illegal activities and even financing India’s terrorism.
Both Binance and Wazirux are being investigated. This is because it is often used for cross-border cryptographic transfers. Authorities have noticed an increase in crypto transactions between Jammu and Kashmir and Pakistan’s border regions, and suspect that some of these could be linked to terrorist financing.
Ironically, this comes after Wazirx issued a PR piece defending why parent company Zettai doesn’t require FIU-ind registration. Now, that very regulatory authority is investigating them for serious cross-border risks. All eyes will be at the hearing of the Singapore Court on July 15th, as the outcome can determine the future of Wazirx and the fate of the codes held by users.
Recently, Romy Johnson filed a 72-page affidavit with the Singapore High Court. The filing claims were linked to ISIS-related activities by Wazirx wallets to Syria-based entities via TRX token transfers.
Users request transparency
Wazirx users are demanding a clear answer from founder Nischal Shetty amid growing concerns about failed restructuring and asset transparency. They raised six important questions that remained unanswered.
Our users request an answer, why is Nischal Shetty hidden? 👇🏻
In light of the ongoing legal scrutiny and high public interest surrounding the Wazirx restructuring process, we are looking for your formal answer to the following important questions: These assets are a problem…pic.twitter.com/1eekydd9ya
– July 10, 2025, the righteousness of Wazirx users (@wazirxusers)
The issues include true ownership of the cryptography held by the user, lack of back proof, private multisig wallet signer, 364 crore for related party transfers to entities associated with Shetty, and 920 crore in uncalculated revenue. Users want clear and verifiable responses.
Wajirux faces legal heat
Previously, Wazirux was hit hard after a $235 million hack after the Singapore High Court rejected plans to restructure parent company Zetai. The court cited Zettai’s failure to disclose the creation of a Panama-based subsidiary and its decision not to obtain the required licenses from Synagore and India.
Wazirx is also facing a legal battle to freeze user denounced cryptography and Fiat Funds. A key affidavit by Romy Johnson alleges that Zettai misgrouped hacked assets and misgrouped assets, promoting a flawed restructuring plan and violated the Trust Act.
With the court hearing approaching, this case could shape how the crypto platform will handle future customer funds.
