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
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
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
CoinSwitch, an Indian Cryptocurrency exchange is suing its rival, WazirX, to recover $9.6 million in assets that have been stuck on WazirX’s platform since a $230 million cyberattack in July. CoinSwitch announced that legal action on X had failed after multiple attempts to resolve the issue directly. These trapped assets
An important update on the status of customer withdrawals has been released by WazirX, one of the biggest cryptocurrency exchanges in India. It also detailed what would happen next after the hack disaster was addressed. After hackers stole $230 million worth of ERC-20 tokens in an incident on July 18,
WazirX, a leading cryptocurrency exchange, recently cancelled all open orders on its platform. The exchange took this step to address ongoing issues related to Indian Rupee (INR) and cryptocurrency balances. This decision has sparked concern among users who had active trades on the platform. The problem stems from discrepancies between
