Indian cryptocurrency exchange WazirX has officially concluded the voting process for its Scheme of Arrangement, marking a crucial step in its restructuring efforts following last year’s $235 million hack. More than 15 million users were affected, and frustrations are growing over the exchange’s handling of the situation. The vote on
It’s been several months since the WazirX hack happened in July 2024. The exchange has been making several announcements regarding paying back to its creditors. As per its previous intimation, the voting process on the proposed restructuring scheme finally began. It will dictate the course of action of WazirX and
WazirX made another update as part of its fund recovery process. This time, the exchange is offering complete transparency to its creditors by providing a preliminary creditor list. The latest update also includes a snapshot of balances as of 18th July, 2024. This will allow all creditors to know their
On July 17th, the Indian cryptocurrency exchange WazirX announced that it has frozen $3 million worth of stolen USDT following last year’s massive cyberattack. This marks the first successful recovery of assets since the July 2024 breach, where over $234 million (nearly ₹2000 crore) was siphoned from its Ethereum hot
The WazirX hack of around $230 million has marked one of the biggest crypto losses in 2024. After several months of controversy, the WazirX team has finally announced its recovery plan recently and is planning to distribute funds to the creditors. Meanwhile, other Indian crypto exchanges such as CoinDCX and
After months of speculation and controversy, WazirX, one of India’s leading cryptocurrency exchanges, has finally broken its silence on the massive hack that led to a loss of over $230 million (₹2,000 crores) in crypto assets. In its fifth town hall meeting on December 19, 2024, the exchange outlined a
One of the popular crypto exchange platforms in India, WazirX has been facing criticism for not resolving the stolen funds issues in a hack. After coming up with a scheme to ensure a swift recovery of funds to all creditors, the exchange now revealed its plans to have a fresh
