WazirX Offers 85% of Stolen User Funds as Deadline Nears

The hacked crypto exchange WazirX plans to distribute 85.25% of the portfolio value lost in the devastating $230 million hack that shook the platform in July 2024.

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WazirX Offers 85% of Stolen User Funds as Rebalancing Ends

Fund distribution will begin if creditors approve the plan, bringing partial money recovery for victims of the $230 million hack that hit the Indian crypto exchange in July.

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Indian crypto platform WazirX freezes $3M to aid recovery from $230M hack

Indian crypto exchange WazirX has frozen $3 million in USDT as part of efforts to recover funds stolen during a $230 million hack in July 2024. The platform confirmed this progress in a Jan. 17 update on X, saying this move showcases its determination to safeguard user funds and rebuild trust after the breach.

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Indian crypto exchange WazirX charts recovery path after $235M cyberattack

WazirX has implemented a Singapore-backed restructuring plan to recover from the $235 million cyberattack in July 2024.

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WazirX hack victims to receive aid from new CoinSwitch fund

CoinSwitch has announced a $70 million recovery program, “CoinSwitch Cares,” aimed at helping WazirX users recover losses from a July 2024 cyberattack. The two-year initiative, seeks to restore confidence in India’s crypto ecosystem by providing financial relief to affected individuals.…

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Inside job or cover-up? New accusations add fuel to the WazirX controversy

Could new allegations against WazirX reveal the truth about the July hack, or are frustrated users fueling unfounded conspiracy theories? WazirX under the radar “again” On Jul. 18, India’s crypto community was rocked when WazirX, the country’s largest crypto exchange,…

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Hacked WazirX Users Take Legal Action – Class-Action Lawsuit In The Works

The victims of the WazirX hack last July 2024 are now planning a class-action lawsuit. According to multiple sources, a group of victims is finalizing the plans to sue India’s largest crypto exchange to recover more than $600,000 in crypto assets.

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Victims to sue WazirX over $235m hack in class-action lawsuit

A group of victims is preparing a lawsuit against crypto exchange WazirX following the $235 million hack. Thirty victims of the July 18 hack on WazirX, which saw roughly 45% of user funds drained from the platform’s hot wallet, are…

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WazirX granted 4-month $230 million debt repayment extension by Singapore court

Since the $230 million hack in July, WazirX has been scrambling to recover the assets and pacify users. The Indian crypto exchange had asked for a six-month moratorium to deal with the crisis. However, a Singapore court granted only four months relief, with conditions, on Thursday, Business Standard reported.

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WazirX hacker nears final stages of laundering $230M in stolen funds

India’s largest cryptocurrency hack has neared completion, with over $230 million worth of stolen tokens almost fully laundered, according to blockchain data. The hack, targeting WazirX, once one of India’s leading exchanges, resulted in a massive breach of funds in July.

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Binance clarifies it never owned WazirX, demands accountability

Binance has distanced itself from the ongoing struggles of the Indian crypto exchange WazirX in a Sept. 17 statement. According to Binance, WazirX co-founder Nischal Shetty made several misleading statements that suggested the exchange might be responsible for the losses suffered by Indian crypto trading platform users after a $235 million hack in July.

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WazirX hacker sends $6.5M ETH to Tornado Cash amid ongoing INR withdrawals

WazirX hacker sends $6. 5M ETH to Tornado Cash as the second phase of INR withdrawals starts The hack on July 18 led to a $230M theft, causing halted trading and frozen withdrawals. WazirX is battling legal issues and ongoing investigations.

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WazirX Hacker Starts to Move Stolen Ether Using Tornado Cash

The Indian crypto exchange was hacked for over $230 million in July, and a restructuring process is underway in Singapore.

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WazirX embarks on 30-day moratorium as rival seeks to recover around $10 million in stuck funds

Embattled crypto platform WazirX has entered an initial 30-day moratorium following a $234 million hack in July, pending a decision by Singapore’s High Court on whether to grant an extension, according to an Aug.

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WazirX shifts funds to new multisig wallets, cuts ties with Liminal after $230m hack

Indian crypto exchange WazirX, which suffered a $230 million hack in July, has said it is moving customer funds to new multi signature wallets and ending its relationship with crypto custody provider Liminal. In an X post on Aug. 14,…

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WazirX Ends Custody Relationship With Liminal, Is Moving Funds to New Multisig Wallets

Indian cryptocurrency exchange WazirX, which suffered a $230 million exploit in July, is ending its relationship with custody provider Liminal.

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WazirX abandons plan to socialize losses following crypto community uproar

Crypto exchange WazirX has received tremendous criticism for its proposed “55/45” plan to socialize losses made from a recent attack on the platform.  On July 27, WazirX started a poll to gauge public sentiment for a plan to get the…

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Casper Network resumes operations after the recent security incident

Casper Network has resumed operations after resolving the recent security breach. Two blocks were removed; a new Casper-node binary was deployed and scanned. Other July breaches affected WazirX ($230M), Compound Finance ($24M), and more.

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July crypto hacks total $266M, WazirX leads losses

July witnessed $266 million in cryptocurrency losses from 16 attacks, with WazirX being the largest victim of North Korean hackers.

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WazirX’s “socialized loss strategy” sparks outrage: Are users paying for the exchange’s failures?

Is WazirX prioritizing its own survival over user security with the “socialized loss strategy,” and how does this impact the Indian crypto community? On July 18, WazirX, India’s largest crypto exchange, faced a severe cyber attack. Hackers targeted one of…

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WazirX’s ‘socialized loss strategy’ sparks outrage: Are users paying for the exchange’s failures?

Is WazirX prioritizing its own survival over user security with the “socialized loss strategy,” and how does this impact the Indian crypto community? On July 18, WazirX, India’s largest crypto exchange, faced a severe cyber attack. Hackers targeted one of…

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WazirX seeking partnerships to recover from $230 million hack

India-based centralized exchange WazirX seeking partnerships to restore full operations following a significant exploit that resulted in the loss of nearly half its assets. The exchange’s co-founder, Nischal Shetty, shared the development in a social media post on July 23 and notified users that it is working on a solution to help restart its services.

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BTC ETFs cross $17b, CrowdStrike outage, WazirX suffers $234m hack, ETH ETFs launch date | Weekly Recap

Peruse our Weekly Recap for last week's top stories: BTC ETFs surpass $17b in total net inflows; CrowdStrike suffers outage; WazirX hit with $234m exploit; spot ETH ETFs hope to launch on July 23.

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Liminal says infrastructure was not responsible for WazirX hack, blames compromised devices

Multiparty computation (MPC) wallet provider Liminal said its infrastructure remains safe and was not compromised in the recent hack of India-based crypto exchange WazirX. The firm made the statement in its post-mortem report on July 19.

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WazirX hack sees $200m in crypto swapped for ETH to thwart blocking

Funds stolen via the July 18 hack on Indian crypto exchange WazirX is being swapped for Ether (ETH). Data from the on-chain tracker SpotOnChain indicates the attacker has converted over $200 million worth of the siphoned assets to ETH. At…

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Venom Expands into India with Dual Listings on WazirX and CoinDCX

Global, Global, 4th July 2024, Chainwire

The post Venom Expands into India with Dual Listings on WazirX and CoinDCX appeared first on CoinJournal.

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India Bitcoin Ban Recommendation Based on Flawed Arguments

WazirX founder Nischal Shetty believes that the recent IMC (Inter-Ministerial Committee) report put forward by the Indian government calling for a complete bitcoin and crypto ban in India drew its conclusion from inaccurate assumptions.

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WazirX CEO Says “All Eyes on July 20 Now” After RBI Cryptocurrency Ban Supreme Court Decision

All eyes were on the Supreme Court of India as it judged the awaited hearing of Internet and Mobile Association of India (IMAI) vs Reserve Bank of India (RBI) on the decision about the decision that the RBI took to forbidden banks on providing services for cryptocurrency traders. According to the decision of the Supreme […]

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Indian crypto exchanges bypassing RBI ban and starting P2P trading services.

Two Indian exchanges have announced that they are launching P2P crypto trading services which will allow traders to buy and sell crypto legally even after the central bank’s ban. Japan Confirms Entrance Into the Crypto Space Wazirx’s P2P Service With the banking ban by the central bank set to take effect on July 5, Indian

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Indian Exchange Wazirx Launches P2P Crypto Trading

The Reserve Bank of India’s deadline to terminate all banking services for crypto-related entities is set to end on July 6. As the date approaches,WazirX, a cryptocurrency exchange, is getting ready for the possible end of its current crypto trading services model in India and preparing a new one.

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