To restore transparency to its fund recovery process, WazirX, one of the top cryptocurrency exchanges in India, has let the public know how many people it owes money to, and how much it owes them. The company published this information in a blog post on its website. The figures were accurate as of July 18, 2024. The eagerly awaiting creditors can now access the detailed updates on the recovery process that they have long been waiting for. These updates provide a wealth of information about the status of their claims, and they are delivered in a way that makes the
The post WazirX Unveils Creditor List as It Moves Forward with Fund Recovery Plan appeared first on The Merkle News.
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WazirX has implemented a Singapore-backed restructuring plan to recover from its July 2024 $235 million cyberattack.
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India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said.
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WazirX founder Nischal Shetty also announced the upcoming introduction of staking services to the centralized cryptocurrency exchange.
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Liminal Custody has released an update addressing the allegations and misinformation surrounding the Wazirx security breach. The company clarified that while Wazirx blamed it for the incident, the exchange continued using Liminal’s infrastructure to manage user funds. Liminal emphasized it had no control over the wallets in question and criticized Wazirx for not adopting key […]
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Indian crypto exchange Wazirx has secured a four-month moratorium granted by a Singapore court, providing time for the company to address its financial obligations while crafting a resolution plan. Wazirx explained that as part of the court’s conditions, it will “make wallet addresses public via a court affidavit, respond to user queries raised in the […]
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Losses from scams and hacks in Q3 declined by 40% compared to the previous year, but CEX hacks still pose a problem for the industry.
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Shezmu recovers nearly $5 million in stolen crypto through negotiations with the hacker, agreeing to a higher bounty. Meanwhile, WazirX struggles with unresolved losses.
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WazirX’s $235 million hack recovery efforts face hurdles as internal findings yield little to no significant breakthroughs.
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Crypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx’s management under Zanmai and Zettai, not Binance. Rejecting claims from co-founder Nischal Shetty, Binance maintains it “bears no responsibility […]
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