Wazirx users take legal action over frozen crypto funds in Singapore

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Wazirx users sues Zettai for freeing up uncovered cryptography and Fiat balances without explanation.

The court affidavit alleges that the user fund was misclassified and violated Singapore’s trust and restructuring law.

Romy Johnson calls for full audits, approval disclosure, and accountability for suspicious crypto-movements.
However, the Singapore Court rejected Zettai’s old plans. A new hearing scheduled for July 15th, 2025.

The fight over frozen codes is intensifying in Singapore’s courts, where Wajirux users are demanding that they get their answers and their money back. In the High Court, annoyed users have confronted Wajirux’s Singaporean entity, and hacked Bitcoin, XRP, TRX, BNB, USDT and even Fiat Balance have been mistakenly frozen by Wajirux’s Singaporean company Zettai.

Now, the affidavit by Romy Johnson could be a major turning point in cryptographic rights.

Big problem: Freezing assets

At the heart of this battle is how Zettai grouped all of its user assets together. According to Romy Johnson’s 40-page affidavit, these are: Uncovered coins (Category A), FIAT-like INRs (Category B), and hacked ETH/ERC-20 tokens (Category C).

However, under Singapore law, only actual liabilities may be restructured, not user-owned assets held in the trust. Users say Zettai has crossed the line by using everyone’s coins to promote a plan that doesn’t protect innocent holders.

🧵Thread: Why Wazirx users are fighting back in Singapore courts
The 25-part breakdown of Romy Johnson’s 40-page affidavit represents “Category A” users, representing “Category A” users.
-Toofaan (@toofaanarmy) July 6, 2025

Hacks that may not be hacks

Things become more confusing, as the so-called hacks may not even be real. Blockchain records show something odd. The stolen coins were moved using an internal multi-sig wallet that required multiple approvals.

So far, no clear indication of external attacks has been shown. So this kills Zettai’s excuse that it is an external hack.

Meanwhile, users are calling Zettai with important details hidden. They want the names of those who approved these relocations. They also want an audit to see where all the coins went and who should be held responsible.

Where the court battle is standing now

The Singapore High Court has already rejected Zettai’s first scheme, as it hid the link to the offshore shell company. Now, Romy Johnson’s affidavit shows that this is more than just an exchange. He cites a major lawsuit that proves that Crypto held in the trust belongs to the user, even in bankruptcy.

However, the next hearing in Wazirx’s ongoing lawsuit is rescheduled for July 15, 2025.

Will Wajirux return the money?

At the heart of this is about protecting user funds. Meanwhile, Zettai claims it will repay users once the new plan is approved. However, the trust is low. Angry users point out that the promise doesn’t pay the bill.