Keep up with what's happening in the crypto world in real-time.
All Filters (1)
WazirX, India's largest cryptocurrency exchange, has been through a turbulent month after becoming a victim of a hack attack last month, but it is now showing signs of coming back strong with the platform now enabling withdrawals in INR. This is considered favourable by users who have been anxious about getting access to their funds.
Indian crypto exchange WazirX co-founder Nischal Shetty has opened up a conversation regarding the exchange's ownership and stated that he is operating the platform on their behalf. In a recent X conversation with Indian crypto influencer Pushpendra Singh, Nischal disclosed a few details on the exchange ownership and other key matters.
Technical glitches and user complaints overshadow the start of INR withdrawals on WazirX following a massive hack.
Indian crypto exchange WazirX has kicked off the first phase of INR withdrawals giving users access to half of the available 66% balances. The exchange looks to settle the total user balances in two weeks while expressing commitment towards the frozen 34%.
Indian crypto exchange WazirX has re-launched INR withdrawals for “eligible users” and decreased withdrawal fees by 60%. Cryptocurrency exchange WazirX, which recently suffered a multi-million dollar hacker attack, has begun the first phase of INR withdrawals.
Indian crypto exchange Wazirx has initiated the first phase of INR withdrawals, permitting eligible users to withdraw up to 33% of their INR balances. Co-founder Nischal Shetty noted that the timeline for the second phase remains uncertain due to several internal factors that need to be addressed.
The founder of Indian crypto exchange WazirX, Nischal Shetty, has warned the crypto community of a rising fake account trend. Nischal also spoke about the status of the exchange's remaining assets.
Indian exchange WazirX took shots at certain unnamed entities, accusing them of making it harder for the exchange to start its restructuring process.
Indian cryptocurrency exchange WazirX said external parties not invested in the platform may try to prolong its restructuring process for their gains. In a post on X, the exchange said these parties intend to create and maintain “uncertainty” rather than find a resolution.
Wazirx co-founder Nischal Shetty has addressed concerns about the remaining assets following the cyberattack, stating that misinformation has caused unnecessary fear by suggesting these assets are also gone. He emphasized that such claims are baseless and are made only to attract attention.
WazirX is trying to get back on its feet, but it's not just the aftermath of a major cyber attack that's causing problems. The company recently said that external interference is messing with its recovery plans.
This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users' interests.
This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users' interests.
The troubled Indian cryptocurrency exchange WazirX has announced that it will resume withdrawals of Indian Rupees (INR) following a major cyberattack that resulted in a $230 million loss.
Indian crypto exchange Wazirx has defended its restructuring strategy in response to the July 18 cyberattack that led to the theft of over $230 million. The company emphasized that this approach is the quickest and most legally sound way to address these challenges.
WazirX cryptocurrency exchange recently announced its strategic decision to pursue a restructuring path amidst ongoing crypto hack issues. The company approach is aimed at effectively navigating current challenges.
India-based cryptocurrency exchange WazirX has announced that it will resume Indian rupee (INR) withdrawals starting August 26, 2024.
Embattled Indian exchange WazirX has announced the reopening of Indian Rupee (INR) withdrawals a few weeks after it lost $230 million in a cyberattack.
WazirX users will be able to withdraw up to 66% of their Indian rupees starting Monday, about a month after funds were frozen due to a security breach.
The Indian cryptocurrency exchange WazirX has stated that it will start gradually returning INR withdrawals from August 26 after a hack on the exchange resulted in over $230 million being stolen from it on July 18.
The crypto exchange did not provide a timeline on when crypto withdrawals might resume, citing legal issues.
India-based crypto exchange WazirX announced that it will begin a phased resumption of fiat currency withdrawals on Aug. 26, following a month-long suspension due to a cyberattack, according to an Aug. 23 press release.
In the aftermath of a devastating $230 million cyberattack in July 2024, WazirX, one of India's largest cryptocurrency exchanges, on Friday announced plans to resume Indian Rupee (INR) withdrawals and restructure its cryptocurrency holdings. What Happened: This announcement comes after weeks of user frustration and backlash over the platform's handling of the incident.
WazirX reveals plans to restore INR balances and pursue a restructuring plan at the High Court of Singapore.
