Web3 security firm Cyvers has detected multiple suspicious transactions involving prominent Indian exchange WazirX’s Safe Multisig wallet on Ethereum. According to an X post, it is believed that $234.9 million of funds in the Multisig have been moved to a new address. Each transaction’s caller was funded by Tornado Cash,
Amid a global crypto bull market, the Indian crypto community woke up to a rollercoaster ride on their local exchanges as Crypto/INR rates experienced a downward spiral. However, whilst the chaos, founders of major Indian exchanges stepped forward, shedding light on the situation from their unique perspectives. Nischal Shetty, co-founder
WazirX, the Indian crypto exchange, has temporarily halted fiat withdrawals from its trading platforms. Indian crypto users have not been able to withdraw Indian rupees (INR) for over 24 hours. The suspension is due to complications with the crypto exchange’s payment provider. According to the withdrawal page on the trading
In a recent study conducted by CoinGecko, Bitbns, a leading cryptocurrency exchange in India, has emerged as the largest player in the country’s crypto ecosystem. That captured an impressive market share of 79.1% among the top four centralized exchanges. However, concerns have been raised regarding the dominance of Bitbns and
One of the fastest-growing industries in the financial sector is the crypto industry which has escalated exponentially in the last decade. Significantly, the crypto buzz across India is gradually increasing every year. Crypto trading has become popular in India despite its regulatory issues and other challenges. It is clearly known
In a significant development for the crypto trading community, leading cryptocurrency exchange WazirX has announced the introduction of the Indian Rupees (INR) market for trading the popular token, Injective (INJ). This move allows users to seamlessly buy, sell, and trade INJ with INR on the WazirX platform, offering enhanced accessibility
WazirX, India’s most trusted Bitcoin and cryptocurrency exchange collects 30.43 USDT as a withdrawal fee for the minimum withdrawal amount of 60.80 USDT. That is equal to the actual withdrawal fund (50%). When users of the WazirX exchange attempt to withdraw money, the platform displays fees that are higher than
The biggest cryptocurrency exchange in India, WazirX, has discontinued its NFT marketplace, WazirX NFT. WazirX NFT has “sunsetted,” according to the website, although clients may still trade on OpenSea. All NFTs purchased on the WazirX exchange may now be traded on OpenSea. WazirX issued a statement expressing regret over the
According to sources, 50-70 of WazirX’s 150 workers were let off. The whole public policy and communication staff had been terminated. As a result of the global economic slowdown, the cryptocurrency exchange WazirX in India has had to lay off roughly 40% of its workers. According to sources, 50-70 of
Existing user balances in these coins will be automatically converted to BUSD. On September 26, spot market pairings for all three stablecoins would be delisted. Indian cryptocurrency exchange WazirX has just stated it would be delisting three stablecoins. USD Coin (USDC), Pax Dollar (USDP), and TrueUSD (TUSD). Existing user balances
