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
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
The Indian cryptocurrency exchange WazirX has restored investor balances, almost one month after a huge hack shook the company and stole $234 million from users’ Safe Multisig wallets. Despite these developments, many customers are worried and angry since they do not know when they will be able to withdraw their
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.
Panic and fury continue to peak among the Indian crypto community as the crypto exchange WazirX struggles to devise a clear, less controversial recovery plan after the $230 million hack. Following the backlash received from users’ feedback, WazirX plans to reverse trades and restore balances of all user portfolios on
WazirX founder Nischal Shetty has planned the recovery of the stolen assets. He revealed the initial details of the stolen crypto funds and clarified that no security breach occurred before July 18, as misinformation was out about WazirX, and that a few wallets hacked, eight days before the hack. Nischal
