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Sameer Mhatre

Sameer Mhatre

Co-founderCo-Founder of WazirX
India· Active

About Sameer Mhatre

Sameer Mhatre is Co-Founder of WazirX, one of India's prominent crypto exchanges, alongside Nischal Shetty and Siddharth Menon. WazirX was founded in 2018 and subsequently acquired by Binance in 2019. Mhatre's background includes engineering work and earlier involvement with Crowdfire, a social media management platform, where he developed software engineering expertise.

Within WazirX, Mhatre has historically been associated with technical and CTO-level responsibilities, though his exact current title as of August 2026 should be verified from official WazirX sources. In July 2024, WazirX suffered a major security incident in which approximately $230 million in assets were compromised from a multi-signature custody wallet. WazirX halted withdrawals, underwent court-sanctioned restructuring and relaunched trading in October 2025 with a Recovery Token mechanism. The WazirX platform operates across multiple legal entities: WazirX brand, Zanmai Labs (the Indian operating entity) and Zettai Pte Ltd (the Singapore entity); responsibilities are distributed across these entities.

Projects Founded

  • WazirX

Career Timeline

Pre-2018
Software engineering background; involved with Crowdfire, a social media management startup.
2018
Co-founded WazirX with Nischal Shetty and Siddharth Menon.
2019
WazirX acquired by Binance.
July 2024
WazirX suffered a security incident; approximately $230 million in assets compromised from multi-signature custody wallet. Responsibility for the incident has not been attributed to any individual founder. WazirX halted trading and withdrawals.
2025
WazirX restructured under Singapore court sanction and relaunched trading in October 2025 with Recovery Token mechanism.

Key Contributions

WazirX Co-Founding

Co-founded WazirX in 2018 with Nischal Shetty and Siddharth Menon, building one of India's recognized crypto trading platforms.

Technical Architecture

Contributed technical and engineering expertise to WazirX's exchange infrastructure, historically associated with CTO-level responsibilities.

Platform Recovery

Part of the founding team navigating WazirX through the 2024 security incident and the 2025 court-sanctioned restructuring and platform restart.

Early Crypto Infrastructure

Contributed to building WazirX as an accessible crypto trading platform for Indian users alongside other co-founders.