The arrest of SK Masud Alam, a resident of West Bengal, by the Delhi Police in relation to the ₹2,000 crore hack on cryptocurrency exchange WazirX is a significant development. Allegedly, Alam used a phony account to launch the assault, which sought to compromise both the hot and cold wallets
After suffering a $230 million breach, cryptocurrency exchange WazirX intends to launch a Recovery Token to pay off creditors. According to the official announcement, creditors will have a concrete way to get their money back since the token would be airdropped to them based on their platform balance. The India-based
Indian cryptocurrency exchange, WazirX, is back in the spotlight following accusations from CoinSwitch’s co-founder, Ashish Singhal, regarding the transfer of over $73 million in cryptocurrency to exchanges like Bybit and KuCoin. Singhal expressed concerns about WazirX’s financial stability, fuelling speculation over the exchange’s handling of user funds. However, WazirX’s co-founder,
After nearly two months of the WazirX hack, there has been no sign of fund recovery yet. Meanwhile, the Indian crypto exchange, CoinSwitch, which recently sued WazirX, has released information related to the WazirX hack. On the other hand, other leading exchanges also witnessed hacks in recent weeks. Notably, CoinSwitch
A Singapore court recently granted a four-month moratorium to Indian crypto exchange WazirX, giving the company time to restructure its operations without facing legal challenges. Meanwhile, on October 18, the Delhi High Court heard a petition from investor Jaivir Bains, who urged action against WazirX for merging funds after a
WazirX, India’s largest cryptocurrency exchange, is facing backlash over its slow response to a $200 million hack and its mismanagement of a poll regarding debt restructuring. In line with Singapore High Court directives, WazirX recently disclosed over 240,000 wallet addresses as part of its parent company, Zettai Pte Ltd’s restructuring
WazirX, an Indian crypto exchange, has granted a four-month conditional moratorium by the Singapore High Court. Previously, WazirX had filed an application with the Court for a six-month moratorium, followed by the exchange suffering a $234 million exploit in July 2024. The conditions imposed on the exchange include disclosing its
Binance has issued a statement clarifying that it bears no responsibility for the financial issues at WazirX, following a $235,000 loss due to a cyber-attack on the platform in July 2024. The statement comes as rumors circulated about Binance’s involvement, which the company has labeled as “false and misleading.” In
The Indian crypto exchange, WazirX’s exploit, has been a prolonged discussion among the community for the past two months. The WazirX hack became the notable crypto hack in 2024. Meanwhile, the hacker transferred 5,000 ETH, worth approximately $11.7 million, to the mixing tool. Reportedly, the attacker has recently moved 10,000
The cryptocurrency community is still reeling from the shock of the Indian crypto exchange WazirX hack that happened on July 18, 2024. With a staggering loss of around $230 million, this incident has become the largest cryptocurrency hack of the year. As the company works towards recovery, WazirX hackers have
