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The cryptocurrency exchange released its proof of reserves and proclaimed to be India's largest exchange both in volume and reserve funds.

\"We are not only India's largest crypto exchange by volume but also India's largest crypto cxchange by reserves,\" a WazirX blog said.

India's largest crypto exchange WazirX has released its proof-of-reserves (PoR) and has a reserves-to-liability ratio of over 1:1, the company said on Wednesday. WazirX reports reserves worth $286.10 million, with Shiba Inu (SHIB) token as the highest holding worth almost $54 million.

India's top crypto exchanges CoinDCX and WazirX promised to release their proof-of-reserves (PoR) in the coming days after global crypto exchanges hurried to release their proof-of-reserves following the collapse of FTX. Indian crypto exchange CoinDCX today released their proof-of-reserves, showing their commitment to the Indian crypto community.

WazirX, the Indian crypto exchange, has said that it is currently working with a third-party vendor to conduct an audit of its reserves, which will provide a proof of its holdings. The post WazirX to share Proof of Reserves with the public appeared first on CryptoSlate.

WazirX founder's blockchain project Shardeum closes $18 million seed round, raising funds from over 50 investors including Spartan Group and Big Brain Holdings. The post WazirX founder's blockchain project Shardeum raises $18 million appeared first on The Block.

Indian authorities have frozen more cryptocurrencies as part of their ongoing investigations of the mobile gaming app E-nuggets. These include Bitcoin (BTC), Ether (ETH), USDT, and the Wazirx token.

Indian crypto exchange WazirX has laid off nearly 40% of its 150-strong workforce. The company cited bear market impacts as the reason for reducing the workforce.

Major Indian crypto exchange WazirX has laid off about 40% of its employees, citing a fall in trading volumes due to the bear market and the regulatory climate in India. 

WazirX, one of the fastest growing cryptocurrency exchanges in India, has laid off approximately 40% of its workforce.

Indian cryptocurrency exchange WazirX reportedly laid off 40% of its workforce, citing a global economic slowdown.  According to a report, 50 to 70 employees of the 150 workers at the exchange were asked to leave the company.

Indian cryptocurrency exchange WazirX has confirmed that it has laid off 40% of its staff as the bear market continues to take its toll. Cryptocurrency exchange WazirX has announced that it has let go of more than 70 members of its staff.

WazirX, a top Indian Crypto exchange on Saturday cut its workforce by 40% following the prolonged crypto downturn.  The post Report: Indian Exchange WazirX Feels the Pinch, Lays off 40% of Workforce appeared first on BeInCrypto.

WazirX has joined the growing list of crypto firms reducing headcount amid the ongoing market crash

India's Directorate of Enforcement (ED) says it has frozen more cryptocurrencies, including bitcoin, tether, and the Wazirx token. The action is part of its investigation of the mobile gaming app E-nuggets. In its latest announcement, the ED revealed that nearly 86 bitcoins found at crypto exchange Binance were frozen.

The layoffs come nearly two months after Indian authorities began investigating WazirX for alleged money laundering.  The post Indian crypto exchange WazirX confirms layoffs: CoinDesk appeared first on The Block.

The Indian Directorate of Enforcement (ED) revealed that it froze the assets of a mobile gaming application called E-nuggets. The ED froze WRX [WazirX] and USDT [Tether] cryptocurrencies that were worth INR 47.64 lakhs.

India is leaving no stone unturned in a recent crackdown on the E-Nuggets crypto money laundering case, as its ED freezes an additional $58,000 worth of WRX and USDT. The move comes amidst the authorities' probe into gaming platform E-Nuggets on money laundering allegations.

According to India's Prevention of Money Laundering Act, the Directorate of Enforcement (ED) announced on Wednesday that it had frozen 77.62710139 bitcoins (PMLA). The ED is the law enforcement and economic intelligence organization of the Indian government.

India's Enforcement Directorate (ED) says it has frozen more than 77.6 bitcoins that were transferred to Binance from Indian crypto exchange Wazirx. The freeze is part of a money laundering investigation into a mobile gaming application.

India-focused crypto exchange WazirX will unlist three leading stablecoins — Circle's USDC, Paxos' USDP, and TrueUSD's TUSD — effective September 26. In a statement, the company said that users could withdraw their funds by October 5, after which these stablecoins will automatically be converted into BUSD.

Popular Indian crypto exchange WazirX has announced that it will initiate an auto conversion of all existing balances of the second largest stablecoin USDC, Pax Dollar (USDP), and True USD (TUSD).

WazirX, India's largest cryptocurrency exchange by trade volume, is following in the footsteps of Binance and has delisted three stablecoins.

The exchange has decided to also delist USDP and TUSD