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WazirX's ability to restore balances and secure assets will shape its future and industry security.

WazirX's ability to restore balances and secure assets on its platform will impact its future and the security of the broader industry.

WazirX's hack was traced to issues in Liminal's interface. The exchange has not issued a timeline on the asset migration or when it will allow users access to their funds.

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.

WazirX, one of India's largest cryptocurrency exchanges, has announced an eight-hour scheduled system outage to restore account balances and reverse unauthorized trades following a massive security breach.

Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems remain secure, the custodian's interface was compromised, prompting this precautionary measure.

Indian crypto exchange WazirX, recently targeted in a $235 million hack, has ended its asset custody arrangement with Liminal. In an Aug. 14 statement, WazirX announced it was moving assets from Liminal to new multi-signature (multi-sig) wallets.

WazirX hack update: Nischal Shetty led Indian crypto exchange has recently revealed a critical update in the aftermath of the exploitation attack on the platform. Today, the crypto firm took to X, revealing that it is withdrawing its remaining assets from a crypto custodian in an effort to solidify user security.

WazirX is migrating its assets from Liminal to new multisig wallets as part of a strategic effort to improve security and prevent future incidents. It plans to publish a list of the new wallets once the migration is complete, enhancing transparency for its users.

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

WazirX breaks silence after 6 days, releases key update on user balances.

Indian crypto exchange Wazirx says it is close to completing the reversal of trades after the $230 million cyberattack. “We're working with legal experts to help us formulate an effective method for enabling withdrawals,” the exchange stated. Additionally, Wazirx revealed that its bounty program has attracted 344 bounty hunters to help recover the stolen funds.

WazirX issued an update on its plan to restore balances of trades that occurred between July 18 and 21.

Since the hack happened, the exchange has carried out several processes to restore its users' funds and prevent a recurrence.

As an irony of fate would have it, the founder of WazirX which was recently targeted by hackers for misuse of customers' cryptocurrency is himself heading a massive bug bounty for another firm he is associated with.

Indian cryptocurrency exchange WazirX is planning on reversing all transactions on its platform to get account balances to reflect the amounts they did on July 18.

Indian crypto exchange WazirX is reversing all trades and restoring customer balances after the platform was hacked to the tune of hundreds of millions of dollars in July.

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 18 post-hack levels.

Indian cryptocurrency exchange WazirX has announced plans to restore all user account balances to their state as of July 18, when the platform lost $230 million in a cyberattack.

On Thursday, WazirX announced it will restore wallet balances to their state prior to the July 18, 2024, withdrawal freeze and cancel all trades made after the security breach.

On Thursday, Indian crypto exchange WazirX announced its plan to compensate customers after the multi-million exploit it suffered last month. The exchange revealed it decided to restore the balances of all customers and undo all trades carried out before July 18 and July 21.

The exchange said restoration will occur over the next few days. Affected users will receive email notifications detailing the reversed trades.

WazirX's $230M hack recovery plan—can restoring balances and reversing trades truly rebuild shaken user trust?

Meanwhile, a U.S. judge approved a $12.7 billion settlement between FTX and the CFTC, bringing the 20-month-long lawsuit to an end.