Nischal Shetty, the co-founder of WazirX, responds to questions regarding ‘transitioning out’

Nischal Shetty, WazirX’s co-founder, and CEO responded to questions on Wednesday regarding his decision to leave the cryptocurrency exchange company’s active activities.

Shetty said in a tweet that if he intended to stand down, people would learn about it from him, not through “sources.”

Shetty’s remarks follow a Moneycontrol story that stated that he and co-founder and COO Siddharth Menon had moved aside from day-to-day operations and are now focusing on their new initiatives.

According to the report, Menon will continue in a passive role while Shetty is no longer involved in day-to-day operations. Sameer Mhatre, the third co-founder and CTO, will remain in his existing position for the time being, according to the statement.

Meanwhile, the company has declined to comment on claims that the co-founders are leaving.

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