Wazirx

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Wazirx Users May Face Delays Amid Binance Dispute and Moratorium Uncertainty

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Indian cryptocurrency exchange Wazirx has warned users that they may have to wait until the dispute with Binance is resolved if the moratorium, filed in Singapore, is not granted. Wazirx explained that Zettai holds the cryptocurrency tokens under protest. “If Binance is deemed the owner, it becomes liable for users’ account balances. If Zettai is … Read more

WazirX Hackers Funnel $11M In Stolen ETH Through Tornado Cash

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The hackers behind the July WazirX breach, believed to be tied to North Korea, have moved another $11 million worth of stolen Ethereum (ETH) into Tornado Cash, a cryptocurrency mixer that obscures transaction trails. In the latest move, over 5,000 ETH was transferred to a new wallet, with $1.2 million laundered through Tornado Cash across … Read more

Liminal Says Grant Thornton Confirms Its Security Amid Wazirx Breach Concerns

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Grant Thornton’s review of Liminal’s infrastructure revealed no signs of any security breach within its frontend or backend systems, according to Liminal. Following a breach at Wazirx that resulted in the theft of over $230 million, internal and third-party investigations at Liminal identified a data discrepancy, though no security vulnerability was uncovered. The company emphasized … Read more

WazirX Faces $234M Hack, Users Could Lose 40% Of Funds Amid Restructuring Efforts

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WazirX, a prominent Indian cryptocurrency exchange, has informed its users that they could face significant losses following a major security breach in July 2024 that resulted in the theft of $234 million. The platform is currently undergoing a restructuring process and has sought time from Singapore’s high court to devise a swift recovery plan to … Read more

Wazirx Fast-Tracks INR Withdrawals but Users Face 6-Month Crypto Trading Delay

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Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six months. Wazirx Expedites INR Withdrawals Amid Post-Hack Restructuring Efforts … Read more

Wazirx Files for Moratorium in Singapore Court to Address Users’ Crypto Balances

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Indian crypto exchange Wazirx has announced that a moratorium has been filed in Singapore’s High Court under the Insolvency, Restructuring and Dissolution Act to address users’ crypto balances. The move aims to provide a 30-day relief period for Wazirx to reorganize liabilities through a scheme of arrangement. The Singapore court will determine the duration of … Read more

WazirX Users Get Partial Relief, But Crypto Withdrawals Remain Frozen

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It’s been a tumultuous month for WazirX users, following the devastating cyberattack on July 18, 2024, which prompted the platform to suspend withdrawals and trading. After weeks of intense efforts, the WazirX team has finally outlined a plan to address users’ pressing concerns regarding cryptocurrency and INR balances. 📢 Important Announcement About INR Withdrawals and … Read more

Wazirx Begins INR Withdrawal Phase 1: Users Can Withdraw Up to 33%

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Indian crypto exchange Wazirx has initiated the first phase of INR withdrawals, permitting eligible users to withdraw up to 33% of their INR balances. Co-founder Nischal Shetty noted that the timeline for the second phase remains uncertain due to several internal factors that need to be addressed. Wazirx Launches Phase 1 of INR Withdrawals Indian … Read more