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Wazirx to Reverse All Trades Made After Withdrawal Freeze
10.8.2024
Indian crypto exchange Wazirx has decided to reverse all trades made after withdrawals were halted following the recent cyberattack. The exchange announced that this process will take place over the next few days, with all users’ portfolio balances on the platform being restored to their July...
Chinese boomers joining crypto tapper cults, WazirX fallout worsens: Asia Express
9.8.2024
China’s elderly are joining crypto tapper cults, WazirX faces fraud probe and asset freeze, Do Kwon’s flight home delayed again: Asia Express
Chinese boomers joining crypto tapper cults, WazirX fallout worsens: Asia Express
9.8.2024
China’s elderly are joining crypto tapper cults, WazirX faces fraud probe and asset freeze, Do Kwon’s flight home delayed again: Asia Express
WazirX to reverse trades after $235M crypto hack
8.8.2024
WazirX, one of the largest crypto exchanges in India, lost $235 million to a multisig wallet security breach in July 2024
WazirX to reverse trades after $235M crypto hack
8.8.2024
WazirX, one of the largest crypto exchanges in India, lost $235 million to a multisig wallet security breach in July 2024
Post WazirX Hack, India's CoinDCX Starts Investor Protection Fund With $6M
7.8.2024
Indian crypto exchange CoinDCX's co-founder Sumit Gupta has told CoinDesk that his company has established an investor protection fund, saying that if other exchanges did this too "it would be better for the eco system."
Wazirx Announces FIR Filing Following Major Cyberattack
6.8.2024
Indian crypto exchange Wazirx has updated users about the recent cyberattack, confirming the filing of a First Information Report (FIR) to address the hack. Cofounder Nischal Shetty emphasized that a police complaint was made the day after the attack. The FIR, filed nearly 20 days later, is part...
Crypto community slams WazirX’s 'socialized losses' plan after hack
3.8.2024
As WazirX navigates this crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community
Backlash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express
2.8.2024
Backlash to WasirX’s “socialized loss” strategy, Philippines wants Binance off app store, Japan’s metaverse plan for shut-ins. Asia Express
Backlash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express
2.8.2024
Backlash to WazirX’s “socialized loss” strategy, Philippines wants Binance off app store, Japan’s metaverse plan for shut-ins. Asia Express
July crypto hacks total $266M, WazirX leads losses
1.8.2024
July witnessed $266 million in cryptocurrency losses from 16 attacks, with WazirX being the largest victim of North Korean hackers
July crypto hacks total $266M, WazirX leads losses
1.8.2024
July witnessed $266 million in cryptocurrency losses from 16 attacks, with WazirX being the largest victim of North Korean hackers
India's Web3 alliance tightens cybersecurity after Wazirx attack
31.7.2024
The BWA’s initiatives highlight an increasing awareness of the importance of cybersecurity in preserving trust and integrity in digital finance
WazirX Co-Founder Nischal Shetty Says All Options Are on the Table for Fund Recovery
30.7.2024
Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges "are going to be crucial," as it remains open to "everything that is possible to help solve this situation."
Coindcx Urges Wazirx to Reconsider Passing 45% Losses to Customers
30.7.2024
The CEO of Indian crypto exchange Coindcx has criticized Wazirx’s approach in response to a recent $230 million cyberattack. Urging Wazirx to take responsibility, he stressed: “Making customers directly absorb the 45% losses is utter nonsense.” Wazirx is working to recover...
Wazirx Says ‘Poll Is Not Final’ — Shares Additional Cyberattack Recovery Plan
29.7.2024
Indian crypto exchange Wazirx has assured users that the poll conducted to gather input for reopening the platform following the recent major cyberattack is not final and “not legally binding upon the users or Wazirx.” Co-founder Nischal Shetty explained that Wazirx “will soon...
WazirX Surveys Users on Recovery Options After $230M Hack, Leaves Customers and Industry Players Fuming
29.7.2024
Indian cryptocurrency exchange WazirX is facing industry and customer heat for its "Withdrawal Management Programme: Opinion Poll" in the aftermath of the $230 million hack, 45% of its user funds, it suffered earlier this month
Wazirx Clarifies Recovery Options, Asset Valuation, and USDT Conversion After Cyberattack
28.7.2024
Indian cryptocurrency exchange Wazirx has answered important questions from its users about the recent cyberattack. The platform explained its socialized loss strategy and the options users have to recover their assets. Additionally, users inquired about asset valuation and token conversion...
Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack
27.7.2024
Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining 45% will be converted...
WazirX launches fair fund recovery plan post $230M hack
27.7.2024
Drawing lessons from past incidents such as the Mt. Gox and Bitfinex hacks, WazirX aims to apply the best practices from these cases to ensure a fair and efficient resolution