The Indian crypto community is currently embroiled in a controversy surrounding the upcoming India Blockchain Week (IBW) event and the participation of Pi42 Crypto exchange. IBW is a highly anticipated event that brings together key stakeholders in the crypto and blockchain space to discuss advancements and challenges in the industry.
The IBW team recently announced that Pi42 leaders will be participating in the conference, scheduled for 4 to 5 December. However, this decision has sparked outrage among some members of the crypto community, particularly WazirX customers who have been vocal about their dissatisfaction with the exchange.
One user, known as Crypto X, has called for a boycott of the IBW event if Pi42 Exchange is not removed from the lineup. The user criticized Pi42 for spending money on sponsoring the event while ignoring the concerns of WazirX customers who were affected by a hack incident. The user urged WazirX customers to unite and put pressure on the IBW team to exclude Pi42 Exchange from the event.
The user believes that removing Pi42 Exchange from the event would send a strong message to the WazirX leadership that promoting other companies while neglecting the needs of customers is unacceptable. The user has called on the crypto community to increase pressure on the IBW event organizers to address this issue before the conference begins.
Pi42 Exchange, founded by WazirX CEO Nischal Shetty and former ZebPay CEO Avinash Shekhar, is India’s first Crypto-INR perpetual futures trading exchange. The exchange’s relationship with WazirX has also come under scrutiny, especially in light of WazirX’s handling of a recent hack incident that resulted in the loss of customers’ funds.
The controversy surrounding Pi42 Exchange’s participation in the IBW event highlights the growing concerns within the Indian crypto community about transparency and accountability in the industry. As the event approaches, it remains to be seen how the organizers and participants will address these issues and ensure a productive and inclusive discussion on the future of blockchain and cryptocurrency in India.