India cracks down on darknet drug deals using crypto tracking
India’s NCB forms a special task force and initiates digital forensics training to tackle the growing misuse of cryptocurrencies in drug trafficking. Go to Source
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Wazirx Prepares Poll for User Input on Resuming Withdrawals and Trading
Indian crypto exchange Wazirx is setting up a poll to let customers decide on reopening the platform for withdrawals, deposits, and trading. “Some options have emerged to help with the recovery which we’re exploring,” said Wazirx co-founder Nischal Shetty. “We’re actively contacting projects linked to the stolen tokens to seek their support in the recovery … Read more
A Closer Look At The WazirX India Hack: $235M Stolen In Real-Time
The recent WazirX India hack has now ranked among the top 10 biggest crypto hacks in history, with $235 million stolen in real-time. The incident was detected and analyzed by Cyver Alert’s SOC Lead, @Hakan_Cyvers, and his team, who were at the forefront, detecting and validating critical alerts as the hack unfolded. The power of … Read more
US Government Could Hold Bitcoin as Reserve Asset, Diam CEO Explains
Bryan Courchesne, CEO and founder of crypto investing firm Daim, has shared insights regarding how the U.S. government could start holding bitcoin as strategic reserve asset. “The Justice Department holds about 200,000 units of bitcoin so the United States is the largest holder of bitcoin, and so they could easily just move that over to … Read more
Asian Markets Cashed out During Recent Gold Rally
Buyers in Asian markets were reluctant to continue purchasing gold as it reached a new record high last week, opting to cash out and wait for deeper discounts. In India, sellers were offering discounts on gold bullion of over $65 per ounce, with local dealers preparing for regulatory changes, while in China, discounted prices reached … Read more
India Maintains Crypto Tax Regulations in 2024/25 Budget
Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto industry in India. Industry leaders emphasize the need for ongoing dialogue with regulators to foster a supportive environment … Read more
Wazirx Claims INR Funds Unaffected by Cyberattack, Platform Secure
Indian crypto exchange Wazirx has provided an update on the recent cyberattack resulting in the theft of over $230 million. Wazirx co-founder Nischal Shetty stated that the exchange is exploring various strategies to restore platform deposits, withdrawals, and trading. He assured users that Indian rupee (INR) funds are secure and that efforts to recover the … Read more
India Favors BRICS Payment System, Says Institute Director
India supports the idea of an independent BRICS payments system but stresses the importance of a cautious and systematic approach. According to Ash Narain Roy, Director of India’s Institute of Social Sciences, thorough discussions among all parties are essential before making any decisions. He noted that many BRICS members share this cautious perspective. India Supports … Read more
Wazirx: Withdrawals and Trading Paused for All Users, Over 80 Bounty Intents Received Within 24 Hours
Indian cryptocurrency exchange Wazirx is working to resume withdrawals after a major security breach compromised a multisig wallet, resulting in the theft of over $230 million. The exchange has paused deposits, withdrawals, and trading, and launched a $23 million bounty program to recover the stolen assets. Within 24 hours, Wazirx received over 80 intents for … Read more
$235M WazirX exchange hack has implications for India’s crypto industry
North Korean hackers are suspected to be involved in the $235 million hack of Indian cryptocurrency exchange WazirX. Go to Source