After months of silence following a massive $230 million hack in July 2024, WazirX, one of India’s leading cryptocurrency exchanges, has caught the attention of the crypto community with unusual wallet activity. According to the on-chain data, funds have been moving between wallets, and buying activity involving tokens like ETH,
In July 2024, WazirX, a major Indian crypto exchange, suffered a major hack. Which caused a loss of over $230 million. For months, affected users were left uncertain about whether they would recover their funds. Recently, movements of $200 million on the blockchain have created speculation that Binance, the world’s
Zettai Pte Ltd, the parent company of the embattled cryptocurrency exchange WazirX, has filed an application with the Singapore High Court on December 6, 2024. The filing seeks approval to convene a meeting of creditors to vote on a proposed Scheme of Arrangement aimed at resolving the aftermath of a
WazirX, a popular crypto exchange, is working hard to recover from a major hack that led to a $235 million loss. They’ve recently taken an important step by applying to the Singapore Court for permission to meet with creditors. This meeting will help to decide the best way to distribute
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
