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CoinDCX introduces protection fund to secure Indian crypto users

[Aug 6 11:30 PM] CoinDCX's Crypto Investors Protection Fund will enhance user security by allocating 2% of brokerage income annually to safeguard assets.

Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack

[Jul 27 8:05 AM] Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible…

Wazirx Claims INR Funds Unaffected by Cyberattack, Platform Secure

[Jul 23 7:17 AM] Indian crypto exchange Wazirx has provided an update on the recent cyberattack resulting in the theft of over $230 million. Wazirx co-founder Nischal Shetty stated that the exchange is exploring various strategies to restore platform deposits…

Wazirx: Withdrawals and Trading Paused for All Users, Over 80 Bounty Intents Received Within 24 Hours

[Jul 22 8:16 AM] Indian cryptocurrency exchange Wazirx is working to resume withdrawals after a major security breach compromised a multisig wallet, resulting in the theft of over $230 million. The exchange has paused deposits, withdrawals, and trading, and…

Wazirx Prepares Bounty Program to Recover $230 Million Stolen in Security Breach

[Jul 20 10:30 AM] Wazirx co-founder Nischal Shetty has updated the public on the $230 million security breach affecting the Indian crypto exchange. The Wazirx team is preparing a bounty program, engaging with expert teams to trace the stolen funds, and collaborating…

India Announces ‘Successful’ Crackdown on E-Nugget Scam — Seizes $10M in Crypto From Exchanges

[May 5 7:26 PM] India’s Enforcement Directorate has declared its multi-year crackdown on the “E-Nugget” scam in Kolkata successful. The operation has resulted in cash and crypto seizures, along with the arrest of the mastermind. Investigations…

India working on 5-point crypto legislation as ban is ruled out

[Sep 11, 2023 4:02 AM] Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian central bank, RBI.

India expands national payment network to Singapore: What’s in it for crypto?

[Feb 21, 2023 3:31 AM] One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program.

WazirX releases proof of reserves with majority of funds in Binance wallets

[Jan 11, 2023 6:36 AM] The cryptocurrency exchange released its proof of reserves and proclaimed it to be India’s largest exchange both in volume and reserve funds.