CoinSwitch launches $70M recovery fund for WazirX hack victims
CoinSwitch expects it will take two years to distribute $70 million in recovery funds to WazirX users who lost money due to an alleged cyberattack last year.This post was originally published on this site
WazirX plans on launching a decentralized exchange
WazirX founder Nischal Shetty also announced the upcoming introduction of staking services to the centralized cryptocurrency exchange.This post was originally published on this site
Wazirx Security Breach: Liminal’s Analysis Points to Deeper Issues
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 emphasized it had no control over the wallets in question and criticized Wazirx for not adopting key […]
Wazirx Granted 4-Month Moratorium, Will Make Wallet Addresses Public
Indian crypto exchange Wazirx has secured a four-month moratorium granted by a Singapore court, providing time for the company to address its financial obligations while crafting a resolution plan. Wazirx explained that as part of the court’s conditions, it will “make wallet addresses public via a court affidavit, respond to user queries raised in the […]
Despite WazirX, Q3 crypto hack and scam losses fell to $413m YOY
Losses from scams and hacks in Q3 declined by 40% compared to the previous year, but CEX hacks still pose a problem for the industry.This post was originally published on this site
Despite WazirX, Q3 crypto hack and scam losses fell to $413m YOY
Losses from scams and hacks in Q3 declined by 40% compared to the previous year, but CEX hacks still pose a problem for the industry.This post was originally published on this site
Crypto lender Shezmu recovers hacked funds through negotiation
Shezmu recovers nearly $5 million in stolen crypto through negotiations with the hacker, agreeing to a higher bounty. Meanwhile, WazirX struggles with unresolved losses.This post was originally published on this site
Binance Rejects Wazirx’s Claims — Denies Responsibility for Hack Consequences
Crypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx’s management under Zanmai and Zettai, not Binance. Rejecting claims from co-founder Nischal Shetty, Binance maintains it “bears no responsibility […]
Binance denies blame in $230M WazirX hack, urges user repayments
Binance urged the WazirX team to take accountability for the hack, and compensate users for the loss of funds.This post was originally published on this site
Wazirx Users May Face Delays Amid Binance Dispute and Moratorium Uncertainty
Indian cryptocurrency exchange Wazirx has warned users that they may have to wait until the dispute with Binance is resolved if the moratorium, filed in Singapore, is not granted. Wazirx explained that Zettai holds the cryptocurrency tokens under protest. “If Binance is deemed the owner, it becomes liable for users’ account balances. If Zettai is […]