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Indian crypto exchange Wazirx is setting up a poll to let customers decide on reopening the platform for withdrawals, deposits, and trading. “Some options have emerged to help with the recovery which we're exploring,” said Wazirx co-founder Nischal Shetty.
In the wake of a major hack that resulted in the theft of over $230 million from Indians WazirX exchange, founder Nischal Shetty has addressed important queries. He shed light on important updates on the platform's recovery efforts and the reinstatement of withdrawals.
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.
India-based crypto exchange WazirX is increasing a reward offer in hopes of recovering the $230 million that hackers stole from the platform. In a new announcement, WazirX says they are increasing the reward to 10% of the stolen funds, or $23 million.
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.
Indian crypto exchange Wazirx has provided an update on the recent cyberattack resulting in the theft of over $230 million. Wazirx co-founder Nischal Shetty stated that the exchange is exploring various strategies to restore platform deposits, withdrawals, and trading.
The $235 million hack on Indias WazirX exchange has raised significant concerns about the security and future of the countrys cryptocurrency industry. There are now major concerns regarding the security of exchanges and the future of cryptocurrency in India following the enormous $235 million attack on the WazirX exchange in India on July 18.
Following a hack attack that resulted in the theft of millions of dollars worth of Shiba Inu (SHIB), Ethereum (ETH) and other coins, WazirX has launched an official bounty program. The prominent Indian exchange has promised to reward anyone who assists in recovering the stolen assets.
The WazirX hacker has moved $2.4 million worth of crypto in just one hour. Data from Nansen shows that this time, they transferred 21.16 billion $BOB tokens, worth $800,000, and other smaller holdings, which have already been sold.
According to the latest update from Nansen on Twitter, the thief who recently compromised the WazirX platform is actively moving the stolen assets. In the last few hours, the hacker has transferred 21.16 billion $BOB tokens, worth about $800,000, along with several other smaller holdings that have been sold. In addition, another 6.
Projects like Uniswap and Chainlink have mostly brushed off the selling. But Push Protocol, which has a $6M market cap, fell 32% in the last day.
WazirX withdrawals reopened functions for users affected by the July 18 attack.
WazirX offers a $23 million bounty after a major hack last week, seeking information to identify and prosecute the perpetrators.
Indian cryptocurrency exchange Wazirx is working to resume withdrawals after a major security breach compromised a multisig wallet, resulting in the theft of over $230 million. The exchange has paused deposits, withdrawals, and trading, and launched a $23 million bounty program to recover the stolen assets.
North Korean hackers are suspected to be involved in the $235 million hack of Indian cryptocurrency exchange WazirX.
Following the massive $230 million hack of WazirX, the hacker has transferred $57 million worth of stolen Ether to new wallets. This development has prompted the exchange to significantly boost its bounty program, aiming to track and recover the misappropriated funds. Here's the latest on the situation and its implications for the crypto community.
Following the hack, WazirX temporarily suspended trading and withdrawals to protect user funds and conduct a thorough investigation.
Indian cryptocurrency exchange WazirX has ceased deposits and withdrawals as scammers appear to be targeting the platform's users.
The entire reserve of PUSH tokens held on WazirX was stolen following the recent security breach, resulting in the theft of over $230 million in digital assets. The hack, which occurred on July 18, 2024, has sent shockwaves through the crypto community and led to a significant drop in the value of affected tokens.
As hackers tied to the North Korean Lazarus Group made away with $230 million from WazirX's multisig cold wallet on July 18, the Indian centralized exchange (CEX) has announced a
WazirX's increased bounty underscores the escalating efforts and challenges in securing and recovering stolen crypto assets, impacting user trust. The post WazirX hacker moves $57M in ETH, exchange increases bounty to $23M appeared first on Crypto Briefing.
In a sudden and alarming development within the Indian cryptocurrency market, WazirX, the nation's largest digital asset exchange has temporarily suspended its trading services following a recent hack incident faced by the platform in the prior week.
The hacker behind the $230 million WazirX hack has moved another $57 million of the stolen funds, as the exchange is doubling down on its bug bounty efforts.
Hours after announcing the $23 million bounty program to recover stolen funds, Indian crypto exchange WazirX announced that they would be temporarily pausing trading on the platform as they conduct a forensic data examination. WazirX Trading Paused, Investors In Panic?
