WazirX

The post WazirX Update: Court Hearing Set, Survey on Moratorium, and Townhall Announcement appeared first on Coinpedia Fintech News Crypto exchange WazirX, one of the most famous among Indian crypto exchanges, has reported crucial data on the current restructuring process via an email to its users.  The email sheds light on the further action the team will be taking for the restructuring process. A session on the Moratorium Application is coming up on September 25 2024, at 8:00 IST. The…

The post Wazirx Hacker Movers Another 5,000 ETH appeared first on Coinpedia Fintech News Data from etherscan shows that the Wazirx hacker address 0x58D3…..8E7a has transferred 5,000 ($11.94 m) Ether to a new address 0x2D29…a968. Out of which the hacker has already sent 1,600 ($3.8 m) to tornado cash and 3,399.92 ETH are still sitting in the same wallet. As earlier hacker sent multiple transactions with 100 ETH each.The former wallet now has a remaining balance of  10,290 ETH worth $24.58…

The post WazirX Users Likely to Lose 50% Funds, Hacker Moves 2600 ETH appeared first on Coinpedia Fintech News Wazirx, one of the biggest Indian crypto exchanges, is still in hot waters. In the aftermath of the massive $234 million hack that hit WazirX, the Indian cryptocurrency exchange is facing intense scrutiny and significant challenges. With over 43% of customers’ funds at risk, the road to recovery seems long and uncertain. Let’s break down what’s happening and what it means…

The legal team for WazirX said today that the exchange’s customers doubt whether the exchange should be made whole in crypto terms. Another Jolt For The Affected WazirX Users Leading Indian cryptocurrency exchange WazirX suffered a massive security breach on July 18, 2024, resulting in hackers stealing $230 million of customers’ digital assets. In the latest development, the exchange’s legal advisers have opined that users are unlikely to recover their funds in full despite the ongoing restructuring process.  Speaking on…

The post WazirX Takes Legal Action: Moratorium Filed to Restructure After Devastating Cyberattack appeared first on Coinpedia Fintech News After the catastrophic cyberattack in July 2024, WazirX has not hesitated to safeguard its users’ rights and submitted a moratorium application to the Singapore High Court.  This creditors’ legal action is filed on 27th August 2024 under the Insolvency, Restructuring and Dissolution Act 2018 for the purpose of granting sufficient time for the company’s restructuring of obligation and integrating safe user…

The post WazirX Users to Access 66% of INR Balances Amid $230M Cyber Attack Aftermath appeared first on Coinpedia Fintech News The Indian cryptocurrency exchange WazirX has stated that it will start gradually returning INR withdrawals from August 26 after a hack on the exchange resulted in over $230 million being stolen from it on July 18. The complete phased recovery plan will permit user withdrawals of up to 66% of their INR balances, even as cryptocurrency withdrawals remain disabled…

The post WazirX Hack Update: Exchange Freezes Open Orders, Users Concerned appeared first on Coinpedia Fintech News WazirX, one of the biggest cryptocurrency exchanges in India has made some serious moves after the $230 million hack that transpired on the platform recently. As part of its continual operational recovery, the exchange declared that all open orders on the platform had been deactivated. The decision made will be applicable to address the problems that relate to INR and crypto balances that…

The post WazirX Hack: Google Subsidiary Mandiant Clears Exchange, Custodian Liminal in the Spotlight appeared first on Coinpedia Fintech News A recent cyberattack on WazirX, one of India’s largest digital currency exchanges, saw $230 million stolen after an investigation by Google Subsidiary, which found that WazirX was not breached at all. The hack of its multi-sig wallet reduced WazirX’s assets by almost 45%. As for the specifics of the security breach, the report prepared by Mandiant said that it was…

The post Breaking! WazirX To Migrate Remaining Assets Held With Liminal to Multisig Wallets! appeared first on Coinpedia Fintech News WazirX has announced that it is in the process of migrating the remaining assets held with Liminal to new multisig wallets. It stated that this step is essential to ensure maximum security of the assets in light of recent events. The exchange faced criticism from customers for their inability to withdraw funds and an alleged lack of transparency. Co-founder Nischal…