Sun, February 2

WazirX Hacker Moves Another $12M in ETH to Tornado Cash

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

September 5, 2024 2 mins read

WazirX Exploiter Moves Funds As Platform Processes Fund Recovery

The WazirX exploit has been the talk of the community for the past two months. Having become the largest cryptocurrency hack in 2024, all eyes are set on the platform’s plans and actions for recovery. Meanwhile, the WazirX hack drew new attention in the market as exploiters made their first

September 3, 2024 2 mins read

When Will WazirX Users Be Able to Access Their Funds?

Zettai Pte Ltd, the parent company of crypto exchange WazirX, held a town hall meeting today to address the ongoing restructuring process following a major $230 million (₹2000 crore) crypto hack. The company has announced that “it will take up to six months to complete this restructuring, during which users

September 2, 2024 2 mins read

Mudrex Secures Court Order to Shutdown Scam Websites 

Mudrex, a Bengaluru-based cryptocurrency exchange, sought legal recourse after approximately 15 individuals complained about being defrauded. These complaints involved websites impersonating Mudrex.The Indian Court has ordered the Ministry of Communication to shut down 38 scam websites. These websites were exploiting the name of cryptocurrency exchange Mudrex. The court’s decision came

August 29, 2024 2 mins read

Indonesia Considers Banning Telegram Amid Multiple Allegations

Indonesia is considering banning Telegram due to allegations of spreading pornography and promoting online gambling. According to Demandsage data, Indonesia ranks as the third-largest country in terms of Telegram usage.  Budi Arie Setiadi, Indonesia’s Minister of Communication and Informatics said that Telegram promised to improve content moderation following the government’s

August 29, 2024 2 mins read

WazirX Laptops Were Not Compromised in $230M Hack, Confirmed

On August 19, WazirX announced that its systems and laptops were “not compromised” in the $230 million cyberattack fallout on July 18. The announcement follows a forensic investigation conducted by Mandiant Solutions, a Google subsidiary, which confirmed the integrity of the exchange’s equipment. According to the WazirX blog post, Mandiant

August 19, 2024 1 min read

Indian Man Kidnaps Two BitConnect Employees to Retrieve Losses

Cryptocurrency scams persistent over the past decade, often resurface from previous years for several reasons. For instance, the recent Mt.Gox payment of funds caused a stir in the market. The recent sentencing of Sam Bankman-Fried for the FTX collapse is a similar example.  In the last week, a particular investor

August 19, 2024 2 mins read

Binance Resumes Operations in India with New Compliance Measures

Binance, one of the world’s largest cryptocurrency exchanges, is back on the Google Play Store and Apple App Store in India after a seven-month ban imposed by local authorities for operating “illegally” in the country. This comes after the exchange fulfilled its compliance requirements by registering with India’s Financial Intelligence

August 15, 2024 2 mins read

WazirX Nears Completion of Trade Balance Restoration Post-Hack

The massive cyberattack on WazirX that took place on July 18 has cast a long shadow over the Indian crypto community. The breach, which resulted in a $230 million loss, has shaken the confidence of Indian crypto users, prompting renewed scrutiny of exchange security and the safety of users’ funds.

August 13, 2024 2 mins read

India Demands $86 Million from Binance for GST Non-Compliance

India’s Directorate General of Goods and Services Tax Intelligence (DGGI) has issued a show cause notice to Binance, one of the world’s largest cryptocurrency exchanges. The notice demands a payment of ₹722 crore ($86 million) in Goods and Services Tax (GST), marking a pivotal move in the regulation of the

August 6, 2024 2 mins read
Floating Icon