Indian crypto exchange WazirX charts recovery path after $235M cyberattack
WazirX has implemented a Singapore-backed restructuring plan to recover from its July 2024 $235 million cyberattack.
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WazirX has implemented a Singapore-backed restructuring plan to recover from its July 2024 $235 million cyberattack.
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 […]
WazirX founder Nischal Shetty also announced the upcoming introduction of staking services to the centralized cryptocurrency exchange.
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.
Shezmu recovers nearly $5 million in stolen crypto through negotiations with the hacker, agreeing to a higher bounty. Meanwhile, WazirX struggles with unresolved losses.
WazirX’s $235 million hack recovery efforts face hurdles as internal findings yield little to no significant breakthroughs.
Binance urged the WazirX team to take accountability for the hack, and compensate users for the loss of funds.
A wallet address associated with the WazirX hacker has transferred $6.5 million worth of stolen ETH to Tornado Cash as the exchange opens up withdrawals […]
This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users’ interests.
The crypto exchange did not provide a timeline on when crypto withdrawals might resume, citing legal issues.
