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WazirX Plans Issue of RT Tokens to Distribute Recovered Assets, Mulls Listing Tokens for Trading

“We will issue RT tokens and use them to distribute any future recovered funds to token holders,” WazirX CEO said.

, by Sujha Sundararajan

Blockchain News

WazirX Warns Repayments From $234M Hack Could Be Delayed Until 2030

WazirX warns creditors that repayments from the $234M hack could be delayed until 2030. The exchange presented two outcomes—one involving restructuring with faster recovery, and the other, liquidation, leading to prolonged delays. The decision hinges on upcoming creditor votes and legal proceedings.

, by Tanzeel Akhtar

Blockchain News

Crypto Exchange CoinSwitch Promises ‘Recovery’ Through Rewards for WazirX Users

CoinSwitch’s announced recovery program for WazirX users faces criticism for being more of a user acquisition tactic than genuine relief.

, by Shalini Nagarajan

The 7 Worst Crypto Stories of 2024

From disastrous meme coin launches to a painful U-turn from El Salvador, it hasn't all been green candles and price pumps this year.

, by Connor Sephton

WazirX Parent Firm Moves to Organize Creditor Meeting for User Recovery Plan

WazirX parent firm Zettai announced Tuesday that it applied with the Singapore High Court on Dec. 6, seeking permission to hold a meeting with creditors to present a recovery scheme. The scheme aims for "quick and fair recovery" after WazirX's $230m crypto theft on July 18. This scheme, a...

, by Shalini Nagarajan

Indian Police Arrest Suspect in Connection with WazirX’s $234M Hack

Indian police recently arrested an individual allegedly linked to the July cyber attack on crypto exchange WazirX, which caused around $234m in losses. SK Masud Alam, from West Bengal, allegedly created a fake account to carry out the cyberattack, according to a police chargesheet seen by...

, by Shalini Nagarajan

WazirX Redirected $74M in Crypto to Other Exchanges After Major Hack: CoinSwitch

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. Singhal leveled the accusation on Monday, as CoinSwitch introduced a public dashboard to track wallet activities after...

, by Shalini Nagarajan

Indian Govt. Officials Probe Crypto Exchange WazirX’s $234M Hack: Report

The troubled Indian crypto exchange WazirX’s founders reportedly faced questions from government officials who sought information on the illegal transfer of cryptos from its wallets on July 18. Local Indian news outlet Moneycontrol reported the investigation earlier today. WazirX founders met...

, by Sujha Sundararajan

Over $409 Million Lost to Crypto Hacks in Q3 2024, New Immunefi Report Reveals

Over $409M was lost to crypto hacks in Q3 2024, as revealed by Immunefi’s latest report. Both CeFi and DeFi platforms experienced significant impacts, with major losses reported by exchanges such as WazirX.

, by Julia Smith

Singapore Court Grants Four-Month Conditional Moratorium to WazirX, Asks to Disclose Holdings Beyond Tokens

A Singapore court has granted a four-month conditional moratorium to the troubled Indian crypto exchange WazirX following a $234 million hack in July. The court's decision comes with several stipulations, including the requirement for WazirX to disclose the addresses of its wallets through a...

, by Jai Pratap

WazirX Hacker Transfers Nearly $23M in Crypto to Tornado Cash So Far

The WazirX hacker has so far transferred about $23m in cryptocurrencies to Tornado Cash after the July breach that saw $234m stolen from the exchange. On Thursday, Cyvers Alerts reported the hacker moved 5,000 ETH, worth around $11.7m, to a new address. From this, $4.7m was sent to Tornado...

, by Shalini Nagarajan

WazirX Parent Calls for ‘White Knights’ to Assist in Exchange Rescue

WazirX parent firm Zettai is engaging with 11 crypto exchanges and trading firms to secure emergency funding or establish partnerships aimed at recovering the $235m lost in a July hack, the Economic Times reported Tuesday. “We’re working to try to get potential investors, white knights, to...

, by Shalini Nagarajan

WazirX’s Parent Firm Files for Moratorium in Singapore High Court

Zettai Pte Ltd, the parent company of WazirX, applied to the Singapore High Court On August 27 for a moratorium under Section 64 of the Insolvency, Restructuring and Dissolution Act 2018. This legal maneuver comes after WazirX's major cyber attack on July 18, 2024, that resulted in the theft of...

, by Hassan Shittu

Rival Exchange CoinSwitch Sues WazirX to Recover $9M in Trapped Funds

As Indian crypto exchange WazirX reels from the massive $230 million hack, the rival exchange CoinSwitch is pursuing legal action to recover over $9 million in trapped funds. CoinSwitch, which operates an exchange aggregator, posted on X that it has substantial assets stuck on WazirX's platform,...

, by Jai Pratap

WazirX Announces Gradual Return of Indian Rupees Withdrawals

Indian cryptocurrency exchange Wazirx announced on August 23 that INR withdrawals will resume in phases starting on August 26, following a major cyberattack on July 18.The attack resulted in over $230 million theft, severely disrupting the exchange’s operations and suspending cryptocurrency...

, by Hassan Shittu

WazirX Cancels Open Orders to Resolve Indian Rupee and Crypto Balance Issues

WazirX has canceled all outstanding open orders on its platform to address issues regarding Indian rupee and cryptocurrency balances.

, by Ruholamin Haqshanas

Google’s Mandiant Debunks Laptop Compromise Claims in WazirX $234M Breach

About a month after hackers breached WazirX, leading to a $234m loss, Google-owned cybersecurity firm Mandiant cleared the crypto exchange, confirming there were no security breaches.On Monday, Mandiant said in a blog that the exchange hired the firm to perform a forensic analysis following the...

, by Shalini Nagarajan

WazirX Undergoes 8-Hour System Outage for Balance Restoration After Hack

WazirX, one of India’s largest cryptocurrency exchanges, has announced an eight-hour scheduled system outage to restore account balances and reverse unauthorized trades following a massive security breach.Maintenance is set to occur from 6 PM on August 15th to 2 AM IST on August 16th, during...

, by Hassan Shittu

WazirX Restores User Portfolio Balances, Withdrawals Still Remain Closed

WazirX, the Indian crypto exchange that fell trap to a major security breach last month, is slowly restoring the balances of all user accounts. The balances will be restored to what they were at the time of the security breach, a new update noted. On Thursday, WazirX announced that the...

, by Sujha Sundararajan

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