WazirX Users Sue Zettai in Singapore High Court, Allege ‘Inside Job’ Over Frozen Funds

• WazirX users sue Zettai for freezing unhacked crypto held in trust.
• Alleged hack disputed as token transfers used internal multisig wallets.
• Singapore court rejected Zettai’s initial plan over offshore entity ties.

A legal battle with significant ramifications for the crypto industry has reached Singapore’s High Court, where WazirX users are suing the exchange’s local entity, Zettai, for access to millions of dollars in frozen funds. 

The case presents a critical test for the legal status of customer assets on a crypto exchange. Users are also directly challenging the company’s claim of an external “hack,” presenting on-chain evidence that suggests the funds were moved internally.

THREAD: Why WazirX Users Are Fighting Back in Singapore Court

A 25-part breakdown of Romy Johnson’s 40-page affidavit representing “Category A” users whose unhacked crypto assets remain unjustly frozen by Zettai Pte Ltd.https://t.co/BVHshdbhq9#WazirX #WazirXScam pic.twitter.com/fJkQKNTmQs

— TOOFAAN (@TOOFAANARMY) July 6, 2025

The Central Question: Are User Funds Company Property?

The core of the dispute lies in Zettai’s decision to group all user assets, including…

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