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Indian crypto exchange CoinDCX has launched the world's first decentralized custody solution, giving users direct control over their crypto assets. According to an Oct. 30 announcement shared with crypto.
The victims of the WazirX hack last July 2024 are now planning a class-action lawsuit. According to multiple sources, a group of victims is finalizing the plans to sue India's largest crypto exchange to recover more than $600,000 in crypto assets.
WazirX faces another hurdle amid its restructuring plan as disgruntled hack victims threaten a class-action lawsuit.
A group of victims is preparing a lawsuit against crypto exchange WazirX following the $235 million hack.
Indian crypto exchange WazirX has disclosed its proof-of-reserves (PoR) report, showing that over 40% of customer assets are stored on third-party exchanges, according to an Oct. 25 statement. The exchange said its PoR dashboard aims to promote transparency by enabling independent verification of its wallet addresses, which include the precise holdings for each asset.
WazirX responds to “ongoing disinformation campaign” allegations with a Proof of Reserves report.
Crypto exchange WazirX launched a Proof of Reserves (PoR) feature on its website as part of its pledge to transparency. As of October 24, WazirX's total assets are valued at $298.17 million.
Crypto exchange WazirX is searching for a new custodian that can offer insurance for user funds, aiming to enhance security and minimize risk.
A row has emerged between India's largest cryptocurrency exchange, WazirX, and its digital custody partner Liminal after a $235 million security breach in July. Over time, however, Liminal has fiercely denied that WazirX is accountable for the cyberattack pointing to the events in the situation as revealing the ongoing nature of the breach.
Liminal Custody has released an update addressing the allegations and misinformation surrounding the Wazirx security breach. The company clarified that while Wazirx blamed it for the incident, the exchange continued using Liminal's infrastructure to manage user funds.
Liminal has addressed the ongoing controversy surrounding WazirX's submission of 240,000 wallet addresses to the Singapore court. The 1,100-page submission has sparked debate within the cryptocurrency community.
Liminal Custody takes a firmer stance on its relationship with WazirX following the exchange's "ongoing disinformation campaign."
WazirX Hack Update: The institutional digital asset custody platform Liminal recently revealed a vital update regarding the Indian crypto exchange's $230 million July hack, sparking discussions globally. On Tuesday, the custodian cleared muddy waters regarding its role in the Indian exchange's recent decision to reveal 240K wallet addresses in the Singapore Court, a move highly
WazirX allegedly moved millions to Bybit and KuCoin, but CEO Shetty defended the actions as necessary while securing a new custodian.
According to Liminal, 75 days after the hack, WazirX still had more than $175 million in its custody despite blaming the custodian for causing the breach.
According to Liminal, 75 days after the hack, WazirX still kept more than $175 million in Liminal custody despite blaming the custodian for causing the breach.
CoinSwitch CEO Ashish Singhal has claimed WazirX transferred about $73.6m in users' crypto to global exchanges Bybit and KuCoin following its major $234m cyber attack in July.
Ashish Singhal, the co-founder of the Indian cryptocurrency exchange CoinSwitch, accused the rival platform WazirX of transferring user assets amounting to $75 million to international exchanges like Bybit and KuCoin. The accusation against Indian exchange came after the July 2024 cyber attack, when more attention was paid to its actions.
CoinSwitch has released a dashboard tracking the movement of funds from WazirX's recently disclosed wallets.
Recently, the connoisseurs of this Indian exchange accused it of siphoning off $75 million to large global exchanges such as Bybit and KuCoin ‘‘without the user's knowledge”.
Following the Rs 2000 crore hack of cryptocurrency exchange WazirX the Delhi High Court has issued notices to India's enforcement agencies Enforcement Directorate (ED) and the Financial Intelligence Unit ( FIU ).
Crypto exchange WazirX's users have raised concerns as the exchange reveals a 45% asset deficit following a cyberattack in July 2024. The company can reportedly only return up to 50% of funds, with withdrawals expected to take at least six months.
"Transparency starts with showing you everything, even if that means sharing what might seem like overwhelming data,” WazirX noted.
WazirX has selected 10 creditors to form a Committee of Creditors (CoC), but the process has raised some transparency concerns among investors on X. The identities of the members remain anonymous, as stated by the company earlier.
