WazirX

The post WazirX Hack Update: Recovery Initiatives and Security Upgrades After $230M Theft appeared first on Coinpedia Fintech News WazirX, one of India’s largest crypto exchange platforms, has been making very interesting progress, particularly in reaction to the recent $230 million hack with more emphasis placed on how to return the stolen money and secure the platform.  Since the cyber attack on its multi-sig wallet, WazirX has been in touch with the affected projects that are associated with the stolen…

The post WazirX Boosts White Hat Reward to 10% Following $230M Hack: Ensures User Safety appeared first on Coinpedia Fintech News WazirX, which was recently hit by a severe cyber attack which led to more than $230 million of a multi-sig wallet being stolen, prompted the company to activate a vigorous counter-strategy immediately. The hack has caused WazirX to stop trading temporarily amidst difficulty in ensuring the 1:1 ratio between tokens and assets.  WazirX acted quickly by unveiling an improved…

Last week, Germany completely emptied its Bitcoin reserves by sending off its final tranche. With this particular overhang on Bitcoin done, its price is continuing to recover, gaining 9.8% since the local bottom nine days ago. Let’s find out more.  Bitcoin  The German government has now sold all of its Bitcoin holdings - going from nearly 50,000 BTC to zero in a very short amount of time. Bitcoin has absorbed the impact and is continuing its recovery. The $BTC price…

The post Liminal Claims Safety Of Platform, Blames Compromised Signatures In WazirX $235M Hack appeared first on Coinpedia Fintech News Liminal Custody has published a detailed report on the recent $235 million hack that targeted WazirX, one of India’s biggest cryptocurrency exchanges. The report also states that Liminal’s platform was not compromised, but the attack originated from the compromised devices at WazirX. This clarification comes after WazirX, in its incident overview of the hack, mentioned Liminal’s role in its preliminary findings. At…

Indian-based cryptocurrency exchange WazirX recently fell victim to a significant security breach, resulting in the unauthorized transfer of over $230 million of assets. The incident led to the temporary suspension of withdrawals as the exchange worked to investigate and mitigate the breach.  In a subsequent report released by WazirX, preliminary findings shed light on the causes of the exploit. At the same time, blockchain analytics firm Elliptic suggested the potential involvement of North Korea in this sophisticated attack. WazirX Multisig…

India's largest crypto exchange, WazirX, has been hacked for $235 million, leading to suspended withdrawals and significant market value drops for all involved cryptocurrencies. Security Breach and Initial Report India’s largest crypto exchange, WazirX, suffered a significant security breach on Thursday. Web3 security firm Cyvers initially reported the attack, alerting WazirX that its Safe wallet had been compromised by a malicious actor.  Cyvers announced on X.com,  "Hey WazirX, our system has detected multiple suspicious transactions involving your Safe Multisig wallet…

Mumbai, India, July 4th, 2024, Chainwire   Venom Foundation is pleased to announce a major milestone in its global expansion strategy: the listing of its native token, $VENOM, on two of India’s leading cryptocurrency exchanges, WazirX and CoinDCX. This pivotal move grants Venom access to a massive user base in the world’s most populous country, further driving the adoption and visibility of $VENOM. "We are thrilled to announce the listing of $VENOM on WazirX and CoinDCX. This strategic move into…

The crypto industry is growing rapidly in India, with new companies like WazirX entering the market. WazirX is a P2P exchange that allows users to buy and sell cryptocurrencies without going through a third party.  This review will analyze how WazirX is currently leading the way in the Indian crypto market growth. What Is WazirX? WazirX is a crypto exchange allowing users to trade cryptocurrencies. It also allows users to store their cryptocurrencies in the WazirX wallet. WazirX’s concept came…

The cryptocurrency investment community was relieved late on Monday after the Reserve Bank of India told banks not to cite a 2018 central bank circular as a reason to set back crypto trades.  The 2018 note had forbidden banks from facilitating such transactions but has since been abolished by the Supreme Court. The regulatory body said that banks must continue with other routine due diligence measures on the deals. The RBI order comes after local media reports that financial firms,…