India Should Act on Crypto Regulations Donald Trump is expected to announce new crypto rules soon. Sumit Gupta, CEO of CoinDCX, believes India must act quickly too. He warns that delays could cause India to lose innovation, talent, and value from crypto transactions. Gupta said high taxes and unclear policies
On July 17th, the Indian cryptocurrency exchange WazirX announced that it has frozen $3 million worth of stolen USDT following last year’s massive cyberattack. This marks the first successful recovery of assets since the July 2024 breach, where over $234 million (nearly ₹2000 crore) was siphoned from its Ethereum hot
The WazirX hack of around $230 million has marked one of the biggest crypto losses in 2024. After several months of controversy, the WazirX team has finally announced its recovery plan recently and is planning to distribute funds to the creditors. Meanwhile, other Indian crypto exchanges such as CoinDCX and
The WazirX hack has become one of the most controversial topics of 2024, involving a theft of over $230 million funds. All the users who lost funds in this hack have been waiting for this issue to resolve for several months. The time seems to come where WazirX distributes funds
CoinDCX, one of India’s largest cryptocurrency exchanges, has expressed solidarity with the victims of the WazirX hack. Which resulted in a Rs 2000 crore loss. Co-founders Sumit Gupta and Neeraj Khandelwal have shown interest in stepping in to help recover funds. For the affected users but are currently limited by
The crypto global market has witnessed plenty of developments and twists in the year 2024, right from Bitcoin’s long-awaited goal of $100K to even the approval of Bitcoin ETFs. January: The SEC Approves Bitcoin ETFs The U.S. SEC has approved 11 Bitcoin ETFs. Now, the investment community can own the
After months of speculation and controversy, WazirX, one of India’s leading cryptocurrency exchanges, has finally broken its silence on the massive hack that led to a loss of over $230 million (₹2,000 crores) in crypto assets. In its fifth town hall meeting on December 19, 2024, the exchange outlined a
One of the popular crypto exchange platforms in India, WazirX has been facing criticism for not resolving the stolen funds issues in a hack. After coming up with a scheme to ensure a swift recovery of funds to all creditors, the exchange now revealed its plans to have a fresh
Binance, the largest cryptocurrency exchange with over 250 million users, announced the delisting of the WazirX (WRX) token on December 25, 2024, at 03:00 UTC. The decision comes after Binance’s periodic reviews of listed assets to ensure standards like development activity, network stability, trading volume, and regulatory compliance. According to
WazirX, one of the top cryptocurrency exchanges in India, is facing serious criticism. After several questionable actions that have left users feeling misled. The Introduction of Recovery Tokens (RTs) A crypto influencer, Aditya Singh, recently pointed out multiple lies from the platform, including false claims about surplus funds, INR withdrawals,
