The WazirX cryptocurrency exchange, one of India’s most prominent platforms, recently suffered a major security breach, resulting in the theft of $6.3 million worth of Ether (ETH). The hack has raised serious concerns over the security of cryptocurrency transactions on centralized exchanges, with users now questioning the safety of their assets. The WazirX Hack: What…
WazirX, one of India’s most prominent cryptocurrency exchanges, has been making headlines recently due to the ongoing discussions surrounding its financial restructuring. According to legal advisors representing WazirX, the exchange may be able to return around 55-57% of users’ crypto assets following a successful restructuring process. This news comes as a glimmer of hope for…
In a significant development within the Indian cryptocurrency industry, CoinSwitch, one of the leading crypto exchanges in the country, has taken legal action against its rival platform, WazirX. The lawsuit centers around a dispute involving funds allegedly stuck on the WazirX platform, which CoinSwitch is now seeking to recover. Background of the Dispute The legal…
In a significant development within the cryptocurrency industry, Nischal Shetty, CEO of WazirX, has revealed that three non-disclosure agreements (NDAs) have been signed with prominent cryptocurrency exchanges. These partnerships, involving exchanges with user bases ranging from 12 million to 100 million and daily trade volumes between $5 million and $1.5 billion, mark a pivotal step…
In a shocking incident that has sent ripples through the cryptocurrency community, WazirX, one of India’s leading crypto exchanges, recently fell victim to a massive cyber attack. The hackers managed to siphon off over $230 million (approximately ₹2000 crore), marking one of the largest security breaches in the digital asset space. The incident has left…
WazirX, one of India’s leading cryptocurrency exchanges, has provided an update on its response to the recent security breach that resulted in the theft of $230 million worth of digital assets. In the wake of the hack, the exchange has outlined its latest plan to restore user balances and detailed the ongoing efforts to recover…
In an unprecedented blow to India’s largest cryptocurrency exchange, WazirX experienced a significant security breach last Thursday, resulting in the loss of $235 million. The breach, which compromised the exchange’s multi-signature wallet, has left half of the investors’ funds at risk and has sent shockwaves through the cryptocurrency community. The Incident WazirX’s multi-signature (multi-sig) wallet,…
