Tag: WazirX
WazirX restructures asset security and breaks off relations with Liminal following a $235 million attack
WazirX, an Indian cryptocurrency exchange, terminated its asset custody agreement with Liminal after it was the subject of a $235 million cyberattack. WazirX declared in a statement dated August 14…
WazirX will reverse all trades after a withdrawal freeze linked to a $230 million hack
WazirX, an Indian cryptocurrency exchange, declared on July 18 that it would reverse every trade made after its withdrawal ban. The exchange stated that all users will have their portfolio…
Wazirx shares an additional cyberattack recovery plan and states that the poll is not final
Wazirx Places a Strong Focus on Community Input to Shape Upcoming Plans The Indian cryptocurrency exchange Wazirx provided its users with an update on Monday regarding its efforts to resume…
WazirX receives criticism for its “socialized loss strategy” following a $230 million scam
After revealing on Saturday that it would implement a socialized loss policy in the wake of the security breach on July 18 that cost it around $230 million, or 45%…
Explained: WazirX Poll’s Effect on Users, Tax Consequences, and Withdrawal Limits
After a big hack, customers have two alternatives to partially restore access to their cash, according to the most recent WazirX poll. These alternatives, their effects on users, the tax…
WazirX looks for alliances to help it recover from the $230 million hack
WazirX, an India-based centralized exchange, is looking for partnerships to resume full operations after a major hack that caused the loss of almost half of its assets. Co-founder of the…
WazirX hacker dumps Chainlink, Uniswap, and Other Alternatives
The hackers behind the WazirX exploit has liquidated a considerable portion of its illegitimate gains, as analysts have observed, which has had a substantial impact on some prices. The top…
WazirX co-founder gets ready to launch a bounty scheme to find lost money
Shetty said in an X post that the bounty program was introduced early today. WazirX had originally suggested a $11.5 million total reward for locating the assets; however, the co-founder…
The Indian cryptocurrency WazirX was used to steal nearly $230 million
A wallet exploit on cryptocurrency exchange WazirX WRX -18.25% led to the unapproved transfer of more than $230 million in cryptocurrency assets. The attack drained the cash from the exchange’s…